Diagnostic imaging center operator Radiologix saw positive results for its sales and net income in the company's fiscal 2006 second quarter (end-June 30).
For the period, the firm had revenue of $65.1 million, a slight uptick compared with the $64.3 million recorded in the second quarter of 2005. The company turned in second-quarter net income of $200,000, a downturn compared with net income of $1.2 million in the same period the year before.
The firm said that although net income for the quarter is lower than last year's, the result was expected due to start-up costs associated with the opening of two new imaging centers in California. The company also recorded $245,000 for litigation expenses.
Radiologix also said it was making positive strides toward completing its merger with Primedex Health Systems, which it expects to complete during the fourth quarter of this year.
By AuntMinnie.com staff writers
August 8, 2006
Related Reading
Imaging services firm Primedex to buy Radiologix, July 7, 2006
Radiologix grows sales, profit, May 4, 2006
Radiologix sees revenue gain, loss reduction in Q4, March 9, 2006
Radiologix issues Medicare cut revenue reduction update, February 9, 2006
Radiologix's financials improve in Q3, November 3, 2005
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