Image management firm Emageon posted record fourth-quarter revenue of $24.3 million, up 49% compared with the $16.2 million booked in the fourth quarter of 2004. For the period (end-December 31), the Birmingham, AL-based firm had a net loss of $4 million, compared with a net loss of $2.2 million a year ago.
Emageon attributed the increase in net loss primarily due to $1.4 million in costs and charges related to its November 1 acquisition of Camtronics Medical Systems.
For the year, Emageon posted revenues of $73.8 million, up 61% compared with the $45.8 million turned in during 2004. Emageon had a net loss of $5.1 million in 2005, compared with a net loss of $10.5 million in 2004.
Looking ahead, Emageon reconfirmed its 2006 revenue projection to range between $122 million and $125 million. The company now expects earnings per share to be between 2¢ and 6¢ per share, excluding any impact of any integration charges related to the Camtronics deal.
Emageon had previously expected earnings per share of 14¢ to 18¢ per share, but the new projection was due to larger-than-expected noncash amortization of purchased intangible assets related to the Camtronics acquisition, according to the firm.
By AuntMinnie.com staff writers
February 28, 2006
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