PACS firm Merge Technologies reported second-quarter revenues of $4.2 million, up 11% compared with the $3.8 million reported in the second quarter of 2001. For the period (end-June 30), the Milwaukee-based firm had net income, including an acquisition-related charge for in-process R&D, of $598,000, compared with net income of $233,000 in the same period last year.
Merge said it expects to achieve approximately 30% annual revenue growth via continued expansion of its investments in sales and marketing resources. Including the revenue impact of its acquisitions of eFilm Medical and Aurora Technologies, Merge reiterated its revenue guidance of $21 million to $22 million, with diluted earnings per share of 31 cents to 34 cents.
By AuntMinnie.com staff writersJuly 31, 2002
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Merge hires new CFO, July 26, 2002
Merge closes eFilm purchase, debuts MergeReport, July 3, 2002
Merge buys Aurora Technology, June 6, 2002
Merge debuts MergeView 1.1, May 14, 2002
Merge shows Q1 increase, April 25, 2002
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