Advanced visualization software provider Vital Images reported record revenue of $15.3 million in its fiscal 2005 fourth quarter, up 38% compared with the $11.1 million turned in for the fourth quarter of 2005.
For the period (end-December 31), the Minneapolis-based firm had net income of $2.4 million, demonstrating vigorous growth when compared with net income of $900,000 for the same period last year.
For the 2005 fiscal year, Vital Images booked record revenues of $51.7 million, a powerful 43% increase over the $36.1 million in revenues for fiscal 2004. The company reported a net income of $5.8 million for the period, a robust increase compared with the $296,000 of net income reported for 2004.
For fiscal 2006, the company said it expects revenue in a range of $68 million to $71 million, or 31% to 37% growth over its 2005 numbers.
By AuntMinnie.com staff writers
February 16, 2006
Related Reading
Vital Images names Andersen as European VP, January 19, 2006
Vital Images highlights Vital Solutions portfolio, partnerships at RSNA, November 29, 2005
Road to RSNA, Vital Images, November 17, 2005
Vital Images sets Q3 record, November 1, 2005
Vital Images, Medis ink deal, October 17, 2005
Copyright © 2006 AuntMinnie.com
