The stock of medical imaging software vendor Emageon Inc. rose on Dec. 13 after the Birmingham, Ala.-based company raised its revenue projections for 2006. In mid-afternoon trading, the stock was up 5.7%, or 85 cents per share, to $15.90.
Emageon expects 2006 revenue to grow 64% to 72% over this year to $122 million to $125 million. The company previously expected growth between 45% and 50%. The company recently closed its acquisition of Camtronics Medical Systems, a Hartland, Wis.-based vendor of cardiology information systems and picture archiving and communication systems.
The company expects losses in the fourth quarter of 2005 and first quarter of 2006 as it absorbs costs for the acquisition and compliance with the Sarbanes-Oxley Act, then return to profitability in the second quarter. Additional information is available at emageon.com.
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