Canadian PACS firm ALI Technologies reported revenue of $5.7 million (U.S.) in its fiscal second quarter, flat compared with the $5.7 million posted for the same period last year (adjusted to exclude income from restructured European operations). For the quarter (end-March 31), the Richmond, BC-based vendor had net income of $460,000, compared with net income of $248,000 in 2000.
ALI claims to have increased its market share in radiology image management markedly in the past two quarters. Revenue from radiology systems now exceeds revenues from ALI's traditional ultrasound PACS products, according to the company.
ALI installed systems at 24 new customer sites in the second quarter, and expanded or upgraded 25 existing sites to support 79 new imaging devices (43 ultrasound, 36 other modalities), according to ALI. The firm said it is experiencing strong sales in enterprise-scale systems. ALI's installed base under warranty or service contract stands at 450 customer sites, including 56 multisite networks.
Looking ahead, the company expects that revenue will grow more than 20% in fiscal 2001, with most of that growth coming in the second half of the year, according to chairman and CEO Greg Peet. Net operating profit margins will continue to improve, he said.
By AuntMinnie.com staff writersMay 10, 2001
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