Faced with what it called a challenging year, Boston-based PACS vendor Amicas reported lower revenues and a net loss in 2006.
Revenues slipped to $49.4 million in 2006, compared with $52.8 million in 2005. The company posted a net loss from continuing operations of $1.3 million, compared with a net loss from continuing operations of $2 million the previous year. The net loss from continuing operations included $1.8 million of stock-based compensation expense and $3.2 million of depreciation and amortization.
Revenues in the fourth quarter (end-December 31, 2006) declined to $11.4 million, compared with $14.3 million in the fourth quarter of 2005. The net loss from continuing operations was $1.1 million, compared with net income from continuing operations of $818,000 in the same quarter a year ago.
Amicas expects 2007 revenues to be between $51 million and $55 million, with a net loss for 2007 of between 6¢ and 1¢ per share.
By AuntMinnie.com staff writers
March 1, 2007
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Amicas inks deal with PeerVue, December 20, 2006
Amicas nets 510(k) for Vision Series 5, November 22, 2006
Road to RSNA, Amicas, November 7, 2006
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