RIS/PACS developer Image Technology Laboratories reported revenue of $894,000 for fiscal 2004 (end-December 31), an increase of 15% compared to its revenue in 2003.
The Kingston, NY-based vendor said that it incurred a net loss of $565,000 for the year, compared with the net loss of $335,000 posted for the prior fiscal year.
The company noted that approximately 60% of the increase in net loss was attributed to the accrual of a one-time charge in the fourth quarter of 2004, the final result of an arbitration proceeding with a former officer of the firm.
By AuntMinnie.com staff writers
May 3, 2005
Related Reading
ITL adds contract, April 12, 2005
ITL founder Ryon dies, December 10, 2004
ITL, Xtria ink deal, July 27, 2004
ITL revenue climbs in Q1, May 17, 2004
ITL hires new COO, May 12, 2004
Copyright © 2005 AuntMinnie.com
