Nuclear medicine firm Digirad posted its financial results for the first quarter of 2009 (end-March 31), the Poway, CA-based firm reported.
In the midst of the economic downturn, the company said it was ahead of the internal goals it had set for the year of consistent profitability and positive cash flow, despite a slight dip in revenue.
Total revenue was $17.7 million, a 3% decrease compared to $18.3 million in first quarter 2008. Revenue in the company's Digirad Imaging Solutions imaging services segment remained stable at $13.9 million, the same amount as in the first quarter of 2008.
Digirad's net income was $44,000, including $145,000 in restructuring charges, compared with a net loss of $1.4 million in the first quarter of 2008.
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