Computer-aided detection (CAD) firm iCAD of Nashua, NH, reported lower revenues in the company's third quarter (end-September 30), as well as a net loss for the period.
For the quarter, iCAD posted sales of $5.6 million, down 21% compared to sales of $7.1 million in the corresponding quarter of 2009. The company recorded revenue of $3.3 million from its digital CAD and MRI CAD product, down 31% compared to $4.8 million in the third quarter of 2009.
iCAD turned in a net loss for the most recent quarter of $1.4 million, compared with net income of $113,000 in the same period of 2009.
For the nine months to date, iCAD recorded revenues of $18.2 million, down 10% compared to sales of $20 million in the first nine months of 2009. The company has a net loss so far this year of $3.3 million, compared with a net loss of $2.3 million in the first nine months of last year.
Related Reading
iCAD gets FDA nod for VC CAD, August 5, 2010
iCAD posts gain in Q2 revenues, July 29, 2010
iCAD debuts new MRI software, July 20, 2010
iCAD wins government contract, June 10, 2010
iCAD to launch CTC CAD software, May 27, 2010
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![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&fit=crop&h=100&q=70&w=100)
![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
