Image management firm Emageon reported record first-quarter revenue of $26.6 million, up 134% compared with the $11.3 million booked in the first quarter of 2005. For the period (end-March 31), the Birmingham, AL-based firm had a net loss of $7 million, compared with a net loss of $4.8 million last year.
The net loss included $1.2 million in expenses related to the merger and reorganization of Camtronics Medical Systems, $1 million in amortization of intangible assets acquired in the Camtronics acquisition, and $600,000 for stock options-based compensation.
Emageon chairman, president, and CEO Chuck Jett said the firm is on track to reach its financial goals in 2006. The company expects to have 2006 revenue in the range of $122 million to $125 million, with earnings in the range of 2¢ to 6¢ per share.
By AuntMinnie.com staff writers
May 2, 2006
Related Reading
Emageon taps Floyd as COO, March 23, 2006
Emageon readies RadSuite, March 6, 2006
Emageon grows revenues, trims loss in 2005, February 28, 2006
Emageon backlog hits record, January 26, 2006
Emageon raises 2006 guidance, December 14, 2005
Copyright © 2006 AuntMinnie.com
