Cedara results sag in Q1

PACS software and image-guided surgery provider Cedara Software reported 2001 fiscal first-quarter revenues of $6.9 million (U.S.), down 14.5% compared with the $8.1 million posted in the same period in 1999. Cedara also fell sharply into the red during the quarter (end-September 30). The Mississauga, Ontario-based firm had a net loss of $6.5 million, compared with net income of $196,000 last year.

Cedara’s Imaging and Information Solutions revenues declined 24% to $5.1 million because of a decline in software licensing revenue, the company said. In positive signs, the firm’s Surgical Navigation Specialists business grew 33%, to a record $1.8 million in sales.

By AuntMinnie.com staff writers
November 3, 2000

Related Reading

Cedara unveils cardiac image viewing software, October 10, 2000

Cedara revenues, earnings fail to meet expectations, August 11, 2000

Cedara bolsters management team, July 26, 2000

Cedara steps into ultrasound with Dicomit purchase, May 30, 2000

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