Medstone International Inc.: The Aliso Viejo provider...

Medstone International Inc.: The Aliso Viejo provider of lithotripsy therapies for the treatment of kidney stones reported net income of $1 million, or 19 cents a share, for the second quarter. That contrasts with a net loss of $3 million, or 55 cents a share, for the same period last year, which included a $5.5-million litigation charge. Revenue advanced 33% to $5.7 million from $4.3 million. Net income for the first six months of 1997 totaled $1.9 million, or 34 cents a share, contrasted with a year-earlier net loss of $2.4 million, or 44 cents a share. Revenue increased 26% to $10.6 million from $8.4 million.