Image management firm Emageon reported that revenue for its 2004 fiscal fourth quarter (end-December 31) was $16.2 million, compared with $9.2 million in the fourth quarter of 2003, representing a 77% increase. For the year, the firm said that revenue was $45.8 million, an increase of 97% over the $23.3 million in revenue recorded during the prior fiscal year.
The Birmingham, AL-based company cut its losses for the fiscal year to $10.5 million, an improvement from net losses of $11.4 million from the preceding year. For the quarter, the developer reported an increase in losses to $2.2 million, compared with losses of $1.9 million in the fourth quarter of 2003. The firm said it had $118.2 million in contracted backlog at the close of the fiscal year, an increase of 43% over the $82.7 million in contracted backlog at the end of fiscal 2003.
In other news, Emageon said that it has entered into a 10-year, digital healthcare information management agreement with Sisters of St. Francis Health Services, an integrated network of 12 hospitals, clinics, and associated facilities located in Indiana and Illinois.
By AuntMinnie.com staff writers
February 25, 2005
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