PACS firm Image Technology Laboratories of Kingston, NY, reported revenues of approximately $143,000 for its third quarter (end-September 30) of 2002.
Service revenues were $208,000 for the first nine months of 2002, and $131,000 for the third quarter, both ended September 30, 2002. For the same periods, company incurred a loss of $541,219 and $128,780, respectively. The firm also reported that it received a one-year working line of credit of $75,000 in September.
This year marked ITL's first year of reporting product revenues, as its software began shipping in April 2002.
In other news, ITL said it will be relocating its corporate headquarters to another facility in the same city.
By AuntMinnie.com staff writersNovember 19, 2002
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ITL to be listed on Nasdaq, December 27, 2000
ITL brings homegrown PACS to the masses, November 1, 2000
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