Healthcare IT and advanced visualization developer Merge Healthcare reported a small increase in revenues but a bigger net loss in its fourth quarter.
For the period (end-December 31), Merge had net sales of $64.7 million, up almost 1% from the $64.1 million reported in the fourth quarter of 2011. The company had a net loss of $17.3 million, compared with a net loss of $1.3 million a year ago.
In other quarterly news, Merge said that its subscription-based pricing arrangements generated 13.5% of total quarterly sales. Subscription backlog increased 13% in the fourth quarter and 82% for the year.
The company also reiterated its 2013 guidance of sales ranging from $265 million to $275 million, with an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) range of 22% to 24% and expected subscription backlog growth to least $25 million.
Merge also said that it has completed its previously announced evaluation of strategic alternatives and has concluded that the alternatives did not offer more value than its own strategic plan.
