RIS and PACS developer Image Technology Laboratories reported second-quarter revenue of $179,000, up from the $69,000 booked in 2002. For the period (end-June 30), the Kingston, NY-based firm had a net loss of $48,000, compared with a net loss of $156,000 in the same period last year.
In other quarterly news, the firm has signed a letter of intent to provide its technology to St. Anthony’s Hospital in Warwick, NY. ITL expects the contract to close by the end of September, with revenues expected to start being realized in the fourth quarter.
By AuntMinnie.com staff writers
August 15, 2003
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