Expenses related to its previously announced reduction in workforce impacted profitability for image management firm Emageon in its second quarter.
For the period (end-June 30), the Birmingham, AL-based vendor had revenues of $25.6 million, down 14.8% compared with the $30 million in sales last year. The company had a net loss of $300,000, including expenses of $600,000 related to the workforce reduction.
Emageon had a net loss of $900,000 in the second quarter of 2006, including $1.1 million in expenses related to the integration of Camtronics Medical Systems.
Chairman, CEO, and president Chuck Jett said the company was encouraged by recent sales momentum, with bookings improving substantially in the second quarter compared with the first quarter. Cash earnings and cash flow from operations were also very positive, Jett said.
By AuntMinnie.com staff writers
August 8, 2007
Related Reading
Emageon teams with Dell on RadSuite Express, June 7, 2007
Emageon trims loss, lowers 2007 guidance, May 9, 2007
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Emageon shows strong revenue, income in Q4, February 22, 2007
Emageon offers 2007 guidance, January 9, 2007
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