Nuclear medicine firm Digirad posted its second straight quarter of profitability in its second quarter, thanks to higher margins.
For the period (end-June 30), the Poway, CA-based firm had consolidated revenue of $18.8 million, down slightly from the $19 million in sales received in the second quarter last year. The company posted net income of $238,000, compared with a net loss of $4 million a year ago.
CEO Mark Casner said that the company's principal focus is on accelerating revenue growth. The firm also reaffirmed its existing guidance for 2007, with consolidated revenues to range from $77 million to $80 million and consolidated net losses to range from $500,000 to $2.5 million.
By AuntMinnie.com staff writers
August 7, 2007
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