Sales of enterprise PACS networks helped ALI Technologies record strong growth in its third fiscal quarter (end-June 30), the Richmond, BC, company reported this week.
For the quarter, ALI posted revenues of $6.9 million (U.S.), up 38% compared with sales of $5 million in the same period the year before. The company's net income was $727,000, compared with a net loss of $164,000 in the third quarter of 2000.
ALI said the strong growth was due to strong systems sales, especially for enterprise radiology systems and higher revenues from new OEM relationships. Growing business volume is also helping to improve ALI's profit margins.
During the quarter, ALI installed 15 new customer sites and expanded or upgraded 19 existing sites. ALI's customer base supports 1,771 imaging devices at 465 customer sites, including 59 multisite enterprise networks.
In other news, the company reported that the peripheral vascular laboratory at the University of North Carolina (UNC) Hospitals at Chapel Hill, NC, will replace its microfiche and paper-based system with ALI's UltraPACS and ALI Reporting products. The installation will enable clinicians to review in-progress exams at the main site and also at an off-site outpatient clinic.
By AuntMinnie.com staff writersAugust 1, 2001
Related Reading
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ALI improves profitability in Q2, May 10, 2001
Wisconsin hospital saves big with software-only PACS installation, May 3, 2001
ALI teams up with Mayo Clinic venture, March 28, 2001
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