Healthcare IT and advanced visualization developer Merge Healthcare believes it has its financial affairs in order for 2013, despite an increased net loss in the first quarter (end-March 31).
First-quarter sales increased 4% to $63.6 million, compared with sales of $61 million in the first quarter of 2012. The company also posted a net loss of $6.5 million in the first quarter, compared with a net loss of $1.8 million in last year's first quarter.
In a prepared statement, CEO Jeff Surges said first-quarter results, "combined with our successful debt refinancing, provides a solid start to the year, an immediate benefit to our bottom line, and confidence in our long-term financial health and stability."
