Advanced visualization firm Vital Images reported record revenue for its fiscal 2006 fourth quarter (end-December 31) and year.
The Minnetonka, MN-based company posted fourth quarter revenue of $20 million, a 31% jump over the $15.3 million recorded in the fourth quarter of fiscal 2005. For the year, the firm reported revenue of $70.5 million, a 36% surge in growth over the $51.7 million posted in the prior year.
Net income for the fourth quarter of fiscal 2006 was a solid $2.3 million, compared with net income of $2.4 million for the previous year. Vital Images noted that its 2006 fourth quarter included equity-based compensation costs of $890,000 compared with a charge for equity-based compensation costs of $84,000 in the same quarter last year.
For the fiscal year, the firm posted net income of $6.6 million, comparing favorably with the prior year's net income of $5.8 million. In addition, the company reported equity-based compensation costs of $3.6 million for the 2006 fiscal year, compared with fiscal 2005 equity-based compensation costs of $213,000.
By AuntMinnie.com staff writers
February 20, 2007
Related Reading
Vital Images to raise $88 million, November 17, 2006
Road to RSNA, Vital Images, November 8, 2006
Emageon, Vital Images ink deal, October 31, 2006
Vital Images, Toshiba launch SurePlaque, October 24, 2006
Vital Images adds to product line, October 16, 2006
Copyright © 2007 AuntMinnie.com
