Lower bookings earlier in 2007 reverberated in Emageon's third-quarter financial report with a downturn in revenues and a greater net loss for the Birmingham, AL-based company.
For the period (end-September 30), revenue fell to $22.7 million, a 31% decline from $33 million in the third quarter of 2006. The firm's net loss totaled $4.3 million, compared with a net loss of $273,000 in the same quarter of 2006.
For the nine-month period, revenues slipped to $75.7 million, compared with $90 million in the same period of 2006. The company's net loss increased to $6.4 million, which includes $600,000 in restructuring expenses from Emageon's May 2007 workforce reduction. The company posted a net loss of $8.1 million in the same period a year ago.
Emageon also reaffirmed its previously announced estimate of a full-year net loss in the range of $3.7 million to $4.9 million.
By AuntMinnie.com staff writers
November 6, 2007
Related Reading
Road to RSNA, Emageon, October 25, 2007
Emageon revenues dip in Q2, August, 8, 2007
Emageon teams with Dell on RadSuite Express, June 7, 2007
Emageon trims loss, lowers 2007 guidance, May 9, 2007
Emageon partners with Allscripts, Vital Images, February 26, 2007
Copyright © 2007 AuntMinnie.com
