Medical information technology developer Merge Healthcare is delaying the release of its fourth-quarter results to allow additional time to audit its financial statements.
Due to complexities associated with accounting of sales transactions in the fourth quarter, the year-end financial audit has not been completed, said president and CEO Richard Linden. The Milwaukee-based firm expects to record fourth-quarter revenues between $23 million and $26 million, with cash flow from operations of approximately $17 million.
By AuntMinnie.com staff writers
February 24, 2006
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