Canadian RIS/PACS developer Evolved Digital Systems reported a slight dip in sales for its 2005 fiscal year (end-December 31), but the company's net loss shrank.
The company posted sales of $16.3 million ($14.1 million U.S.), down slightly compared with revenues of $16.4 million ($14.1 million) in 2004. The company's net loss for the year was $5.8 million ($5 million), compared with $9.9 million (8.5 million) in the same period the year before.
The company said the reduced net loss was due to a reduction in selling and administration expenses achieved as a result of 2004 reorganization efforts, as well as a continued focus by management on cost reductions during 2005.
By AuntMinnie.com staff writers
April 3, 2006
Related Reading
Evolved bolsters client base, March 16, 2006
Evolved notches RIS install, February 16, 2006
Evolved adds PACS install, January 26, 2006
Evolved builds client list, November 24, 2005
Evolved, Shimadzu to partner, November 23, 2005
Copyright © 2006 AuntMinnie.com
