MedQuist revenues dip in Q2

AuntMinnie.com staff writers
Aug 10, 2008

Speech recognition and transcription technology provider MedQuist of Mount Laurel, NJ, saw a decrease in revenues for its second quarter (end-June 30), which the company attributed to customer losses in the second part of 2007.

Revenues for the second quarter of 2008 were $82.5 million, a 6% decrease compared to $88.7 million in the second quarter of 2007. Revenues for the six months ended June 30 were $166.1 million, a 6% decrease compared to $177.7 million in 2007.

Net income for the quarter was $1.8 million, compared with $5.9 million in 2007. For the six months ended June 30, the company had a net loss of $2.6 million, compared with a net income of $4 million for the same period the year before.

Related Reading

Philips completes MedQuist sale, August 6, 2008

MedQuist partners with StructuRad, May 15, 2008

MedQuist improves PACS integration, May 6, 2008

MedQuist adds Illinois install, March 19, 2008

Copyright © 2008 AuntMinnie.com

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