Cedara shows robust Q3

Revenues at PACS software developer Cedara Software rose 50% in the company’s fiscal 2004 third quarter (end-March 31) when compared with its fiscal 2003 third quarter.

For the period, Cedara posted sales of $9.9 million (U.S.), compared with sales of $6.6 million in the corresponding period the previous fiscal year. The Mississauga, Ontario-based firm posted net income of $3.7 million, compared with a net loss of $1.7 million in the third quarter of fiscal 2003.

For the first three quarters of the fiscal year, revenues were $26 million, an increase of 52% compared with $17.2 million booked the previous year. Net income for the first nine months was $7.8 million, compared with a net loss of $7 million for the same period in 2003.

By AuntMinnie.com staff writers
April 30, 2004

Related Reading

Cedara signs technology deal with Hitachi, April 6, 2004

Cedara signs Aloka, March 5, 2004

Cedara partners with Siemens, March 3, 2004

Cedara posts Q2 gains, February 10, 2004

Cedara, Alion to develop US guidance application, December 16, 2003

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