Vital Images posts record Q1 revenues

Growth in license fees powered advanced visualization firm Vital Images to record revenues in the first quarter (end-March 31).

The Minneapolis-based company produced revenues of $20.8 million, up 32% from $15.8 million in the first quarter of 2006. Net income increased to $2.4 million, compared with $1.4 million in the same quarter a year ago.

License fees rose to $13.5 million in the first quarter, a gain of 22% from $11 million in the same quarter of 2006.

By AuntMinnie.com staff writers
May 10, 2007

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