Increased revenues from enterprise sales helped advanced visualization firm Vital Images overcome the effects of a challenging CT market in its second quarter.
The Minnetonka, MN-based vendor had second-quarter revenue of $14 million, up 4.5% from the $13.4 million reported in the second quarter of 2009. For the period (end-June 30), Vital Images had a net loss of $1.6 million, compared with a net loss of $19.6 million a year ago.
In other Vital Images news, the company's board of directors has approved an additional stock buyback of up to $20 million. This buyback is in addition to the 566,000 shares remaining to be purchased under a previously announced plan.
Related Reading
Vital Images launches software update, June 4, 2010
Vital Images posts flat Q1 revenues, May 10, 2010
Vital Images to develop pediatric cardiac app, April 13, 2010
Vital Images revenue dips in Q4, February 19, 2010
Muduroglu joins Vital board, February 9, 2010
Copyright © 2010 AuntMinnie.com
