Boston-based PACS vendor Amicas enjoyed another quarter of sharply higher revenues, thanks to sales contributed by its purchase of Emageon earlier this year.
For the company's third quarter (end-September 30), Amicas posted sales of $27.2 million, up 121% compared with sales of $12.3 million in the same period of fiscal 2008. The company turned a net profit for the period of $1.7 million, compared with a net loss of $809,000 in the comparable quarter of 2008.
Amicas said that it posted record bookings and revenue during the period. It also boosted its guidance for the fourth quarter, with a revenue estimate of $95.8 million, up $1 million from the company's previous guidance.
The company's estimate of earnings before interest, taxes, depreciation, and amortization (EBITDA) for the upcoming quarter were revised upward, to $4.6 million, representing an increase of $1 million.
Related Reading
Amicas launches upgraded RIS, October 7, 2009
Emageon deal helps Amicas revenue, August 7, 2009
Amicas adds Connecticut client, August 3, 2009
Amicas inks NJ contract, July 28, 2009
Amicas debuts vendor-neutral archive package, June 5, 2009
Copyright © 2009 AuntMinnie.com
