Image management firm Emageon of Birmingham, AL, posted a decrease in revenues in the first quarter of 2008, the company reported.
For the period (end-March 31), revenue was $19.3 million, a 29% decrease compared with $27.4 million for the same period in 2007. Net loss for the quarter was $4.6 million, compared with $1.8 million the previous year. Included in the 2008 first quarter net loss was a charge of $800,000 for employee severance, the company said.
Emageon attributed the revenue decline to a more cautious attitude toward capital spending in its clients.
Related Reading
Emageon provides license to Pittsburgh group, January 10, 2008
Emageon taps new COO, December 10, 2007
Emageon lands Novation deal, November 28, 2007
Emageon reports downturn in Q3, November 6, 2007
Road to RSNA, PACS, Emageon, October 25, 2007
Copyright © 2008 AuntMinnie.com
