Healthcare information technology firm Aspyra of Calabasas, CA, said that the impact of the Deficit Reduction Act (DRA) of 2005 led to a higher net loss on lower revenue for the company's third quarter.
For the period (end-September 30), Aspyra posted total sales of $2.8 million, down 13% compared to $3.2 million in the same quarter of 2006, a decline the firm attributed to the DRA. The firm posted a net loss of $1.4 million for the period, compared to a net loss of $710,000 in the corresponding quarter of 2006.
Despite the higher net loss, the company offered optimistic projections based on enhancements to its product line including mammography viewing within its PACS product and adoption of a Windows platform for its radiology information systems (RIS) and laboratory information system (LIS) technologies.
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