Revenue growth continued for healthcare IT and advanced visualization developer Merge Healthcare in its second quarter even as it moved to a new business model, but the firm's net loss also increased.
For the period (end-June 30), Merge had revenue of $62.9 million, up 13% from the $55.6 million reported in the second quarter of 2011. Subscription-based pricing arrangements generated 15% of total revenue in the quarter.
The company had a net loss of $5.9 million, compared with a net loss of $3.3 million a year ago. Merge CEO Jeff Surges said in a statement that Merge is well-positioned for continued success in 2012.
