A lack of licensing fees contributed to reduced revenue for computer-aided detection (CAD) firm Medipattern in the second quarter of fiscal 2009 (end-December 31, 2008).
The Toronto-based company's revenue slipped to $72,000 Canadian ($58,000 U.S.), compared with $158,000 ($127,000 U.S.) in the second quarter of fiscal 2008. The net loss increased to $1.1 million ($851,000 U.S.), compared with a net loss of $907,000 ($726,000 U.S.) in the same quarter a year ago.
During the second quarter of fiscal 2009, Medipattern signed an agreement for the sale of 200 B-CAD systems in China, but none of the revenue from the transaction was recognized in the quarter.
Related Reading
Medipattern launches new B-CAD program, February 12, 2009
GE, Medipattern to build ultrasound tools, January 29, 2009
Medipattern teams with iPACS, December 22, 2008
Medipattern receives China CAD order, December 10, 2008
Medipattern reports lower Q1 revenues, November 30, 2008
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