Canadian digital radiography firm Imaging Dynamics reported strong fiscal 2006 second-quarter revenues of $7.9 million (U.S.), up 20% compared with the $6.6 million booked in the second quarter of 2005.
The Calgary-based developer said that for the period (end-June 30) it posted a net loss of $1.1 million, a sharp slide compared with net income of $893,000 in the same period last year.
The firm attributed the downturn to increased expenses for sales and marketing, administrative costs, and research and development in the quarter.
By AuntMinnie.com staff writers
August 9, 2006
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