Imaging services provider Miracor Diagnostics reported net revenue of $19.2 million in 2003, up 59% compared with the $12 million booked in 2002. For the year (end-December 31), the San Diego-based firm had a net loss of $1.7 million, compared with net income of $279,000 in 2002.
Miracor had fourth-quarter net revenues of $4.8 million, up 32% compared with the $3.4 million reported in the fourth quarter of 2002. The company had a fourth-quarter net loss of $585,900, compared with a net loss of $154,000 a year ago.
The 2003 results reflected the longer-than-expected turnaround of the six centers Miracor acquired and launched, said CEO Lee Hulsebus. He said that the company will continue to concentrate on revenue growth and capital needs, although its main focus will be on returning Miracor to profitability.
By AuntMinnie.com staff writersMarch 31, 2004
Related Reading
Miracor dips into red in Q3, November 17, 2003
Miracor posts Q2 loss despite revenue gains, August 15, 2003
New financing for Miracor, June 23, 2003
Miracor shows Q1 revenue gain, but posts net loss, May 14, 2003
Miracor posts 2002 revenue gains, slight dip in income, March 19, 2003
Copyright © 2004 AuntMinnie.com
