Imaging services provider Miracor Diagnostics reported net revenue of $2.0 million in its second quarter, down 10% compared with the $2.2 million reported in the second quarter of 2000. For the period (end-June 30), the San Diego-based company had net income of $108,000, compared with net income of $59,000 a year ago.
Revenues decreased due to the company's termination of Miracor's 80% ownership in Ultra Open MRI Holding, according to the firm. As part of the termination, Miracor will receive and cancel approximately 2.5 million shares of Miracor common stock or 16% of the firm's total outstanding shares. The vendor's net income increased, thanks to more scans and the reduction of discretionary expenses at its MRI centers.
By AuntMinnie.com staff writersAugust 16, 2001
Related Reading
Miracor buys two MRI centers, June 12, 2001
Miracor expands into Southern California, May 31, 2001
Miracor appoints Muehlberg president and COO, May 16, 2001
Miracor stays profitable in Q1, May 8, 2001
Miracor turns in profitable 2000, April 5, 2001
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