30 Oct Merge Healthcare income up slightly in Q3
Milwaukee, Wis. – Merge Healthcare, a Milwaukee-based developer of medical imaging software, reported a net income of $0.4 million, or $0.01 per share in the third quarter of 2008.
The company’s third quarter 2008 performance compares to a net loss of $141.6 million, or a $4.17 loss per basic and diluted share, in the third quarter of 2007, and a net loss of $18.2 million, or a $0.45 loss per share, in the second quarter of 2008.
Justin Dearborn, CEO of Merge Healthcare, noted the results are in line with the preliminary estimates. “Given the macro-economic environment and the challenging turnaround required at Merge, we are very pleased with the progress the company made in the third quarter of 2008,” he added.
For the third quarter, sales totaled $14.6 million, compared to $14.1 million in the third quarter of 2007 and $13.3 million in the second quarter of 2008.
In the first nine months of 2008, sales totaled $41.7 million, compared to $44.0 million for the same period in 2007.