Healthcare IT and advanced visualization developer Merge Healthcare reported a 5% revenue decline and an increase in net loss in its third quarter.
For the period (end-September 30), Merge had revenue of $57.2 million, down 5% from $60.4 million in sales in the third quarter of 2012. The vendor had a quarterly net loss of $4.1 million, compared with a net loss of $3.8 million last year.
Even though third-quarter sales were down, the company repaid a portion of its debt, made its business operations more efficient, and launched its iConnect network for meaningful use stage 2, CEO Justin Dearborn said.
