For the 2004 fiscal year (end-December 31), imaging services provider Radiologix reported revenues of $251.3 million, an uptick compared with the $242 million reported for the 2003 fiscal year. However, the company's net loss for the year was $18 million, a steep increase compared with a net loss of $8 million for the prior fiscal year.
The firm reported fourth-quarter revenue of $55.4 million, a decrease compared with $62.5 million for the fourth quarter of 2003. For the quarter, the Dallas-based company incurred a net loss of $7.8 million, up sharply from the net loss of $3 million for the same period last year.
Some of the higher net loss was attributed to the firm's effort to close or sell off underperforming imaging centers. The company recorded a $13.1 million pretax loss in fiscal 2004 for discontinued operations, which included impairment charges of $10.2 million in write-down of goodwill associated with its Questar subsidiary, which it acquired in 1999. As of December 31, Radiologix owned or operated 76 imaging centers.
By AuntMinnie.com staff writers
March 15, 2005
Related Reading
Radiologix names Murdock as CFO, January 4, 2005
Radiologix appoints new president, CEO, December 3, 2004
Radiologix closes three centers, October 28, 2004
Merge nets Radiologix contract, October 27, 2004
Radiologix CEO steps down, September 21, 2004
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