Merge Healthcare of Milwaukee posted sharply lower revenues and a net loss for its 2006 fiscal third quarter (end-September 30).
For the period, net sales were approximately $14 million, a steep decrease when compared with net sales of approximately $35 million for the third quarter of fiscal 2005.
The company's third-quarter 2006 net loss was $10.8 million, a precipitous decline compared with the net income of $9.6 million booked in the same period last year.
The firm said it will conduct a conference call on Friday, November 17, 2006, at 10:00 a.m. (EST) to review third-quarter results and provide an update of the company's business operations and strategies.
By AuntMinnie.com staff writers
November 10, 2006
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