Advanced visualization firm Vital Images of Minnetonka, MN, has posted a drop in revenue and a higher net loss in its third quarter (end-September 30).
For the period, the firm reported Q3 revenue of $14.3 million, down 19% compared to $17.7 million for the same quarter in 2008. The company's third-quarter net loss was $750,000 compared to a net loss of $243,000 for Q3 last year.
Despite the higher third-quarter loss, the company remains optimistic, citing investments in R&D and what it believes to be improving market share for future growth following the recent launch of Vitrea Enterprise Suite software.
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Vital Images, Sectra sign new deal, October 26, 2009
Vital Images hires Agfa's Akyuz, August 14, 2009
Foundation Radiology signs with Vital Images, August 10, 2009
Charges add up to Q2 loss for Vital Images, August 7, 2009
Vital Images unveils Vitrea Enterprise Suite, August 5, 2009
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