A 5.8% increase in second-quarter revenue wasn't enough to bring profitability to nuclear medicine vendor Digirad.
For the period (end-June 30), the Poway, CA-based firm had record revenues of $19.9 million, up from $18.8 million in the second quarter of 2007. The company reported a net loss of $1.2 million, down from a net income of $238,000 a year ago.
In quarterly highlights, the company's Digirad Imaging Solutions (DIS) business produced a 7% revenue gain, climbing from $13.3 million to $14.2 million. Digirad attributed the growth to the addition of ultrasound services and growth in both nuclear and ultrasound services in areas surrounding its DIS centers of influence.
Related Reading
Digirad signs deal with U. of Chicago, April 29, 2008
Digirad Q1 results dip into red, April 24, 2008
Digirad fined by NRC, April 8, 2008
Digirad revenues edge up, loss narrows, February 7, 2008
Digirad to show new gamma camera at ACC '08, January 25, 2008
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