Growth in sales of digital products helped computer-aided detection (CAD) firm iCAD to a 5% increase in revenue and a lower net loss in its first quarter.
For the period (end-March 31), the Nashua, NH-based firm had revenue of $6.4 million, up from $6.1 million in the first quarter of 2007. iCAD had a net loss of $446,000, compared with a net loss of $554,000 a year ago.
In quarterly highlights, digital revenue reached $4.3 million, up 24% compared with the $3.5 million turned in a year ago. Those gains helped offset declines in film-based revenue and service and supply revenue, iCAD said.
Related Reading
FDA OKs iCAD SecondLook with Fuji FCRm, April 7, 2008
iCAD nets CAD patent, April 1, 2008
iCAD names DeLucia to VP post, March 12, 2008
iCAD unveils TotalLook upgrade, February 28, 2008
ACR teams with iCAD on CAD CT colonography, January 22, 2008
Copyright © 2008 AuntMinnie.com
