Imaging services provider Miracor Diagnostics reported second-quarter revenue of $4.9 million, up 67% compared with revenue of $2.9 million turned in last year. For the period (end-June 30), the San Diego-based firm had a net loss of $323,000, compared with net income of $175,000 in the 2002 second quarter.
The net loss was primarily due to Miracor’s market share-building activities, including acquisitions and start-ups in December and the recent opening of a center in Santa Barbara, CA, CEO Lee Hulsebus said. The Santa Barbara center features an Airis II MR scanner from Hitachi Medical Systems America of Twinsburg, OH, and is Miracor’s 15th site and its fifth in Southern California.
In other news, Miracor said that its primary lender is planning to file for bankruptcy. The firm said it doesn’t know yet if the filing will have any impact on its operations.
By AuntMinnie.com staff writersAugust 15, 2003
Related Reading
New financing for Miracor, June 23, 2003
Miracor shows Q1 revenue gain, but posts net loss, May 14, 2003
Miracor posts 2002 revenue gains, slight dip in income, March 19, 2003
Miracor adds three sites to network, December 26, 2002
Miracor buys 11th center, December 16, 2002
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