Merge Technologies posted a profit for its third quarter (end-September 30) thanks to sharply higher product sales.
Revenue for the quarter was $4 million, an increase of 75% over revenue of $2.3 million in the same period a year ago and an increase of 7% over revenue of $3.8 million over the second quarter of 2001. Net income was $438,000, compared to a net loss of $2.6 million in the comparable quarter a year ago.
Milwaukee-based Merge attributed the increases to sales of two new radiology workflow connectivity products, MergeView and MergePort, and to "operational discipline" as it moves to expand its OEM partnerships.
By AuntMinnie.com staff writersOctober 26, 2001
Related Reading
Merge unveils MergePort, October 9, 2001
Merge releases MergeView, October 2, 2001
Mortimore appointed to NEMA board, September 11, 2001
Merge grows Methodist Healthcare partnership, July 13, 2001
Merge expands relationship with Siemens, June 20, 2001
Merge names Frost-Johnson to marketing post. June 5, 2001
Merge releases Java DICOM toolkit, May 8, 2001
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