VitalWorks trims net loss in Q2

AuntMinnie.com staff writers
Jul 24, 2001

Healthcare IT firm VitalWorks reported revenues of $25.9 million in its second quarter, up 7.9% over the $24 million reported in the same period last year. For the quarter (end-June 30), the Ridgefield, CT-based vendor had a net loss of $4.9 million, compared with a net loss of $14.4 million in 2000.

Excluding depreciation and amortization of $6.6 million, executive severance costs of $800,000, and a $100,000 credit for recouped legal fees, VitalWorks would have had operating income of $3.2 million, compared with an operating loss of $5.7 million last year. The second-quarter results put the company ahead of plan, according to chairman and CEO Joe Walsh.

By AuntMinnie.com staff writers
July 25, 2001

Related Reading

VitalWorks, WebMD settle, ink agreement, July 20, 2001

VitalWorks promotes Walsh to chairman, June 7, 2001

VitalWorks posts flat revenues, April 26, 2001

VitalWorks to expand in Florida, April 4, 2001

Copyright © 2001 AuntMinnie.com

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