A decline in revenues in its North American operation contributed to a 13.8% dip in first-quarter revenues for healthcare IT and advanced visualization developer Merge Healthcare.
For the quarter (end-March 31), the Milwaukee-based firm had revenues of $13.7 million, compared with $15.9 million in the first quarter of 2007. Merge had a first-quarter net loss of $7.8 million, compared with a net loss of $9.7 million a year ago.
Merge Healthcare North America revenues dropped from $10.4 million in the first quarter of 2007 to $7.1 million in the first quarter of 2008. Revenues in the company's Cedara Software unit climbed, however, from $4.8 million in the first quarter of 2007 to $6 million in 2008.
Related Reading
Merge releases eFilm Scan upgrade, April 15, 2008
Merge's auditing firm expresses concern, April 9, 2008
Merge receives Nasdaq warning on share price, April 4, 2008
Merge files 2007 financial data, April 2, 2008
Merge delays filing 2007 annual report, March 18, 2008
Copyright © 2008 AuntMinnie.com
