Medical imaging software vendor Merge Healthcare lost money during the third quarter of 2009 but saw increased revenue in part through two acquisitions made in the quarter.
The Milwaukee-based company lost $900,000 for the quarter ended Sept. 30, compared with a $400,000 profit during the same period a year ago. Quarterly revenue rose 16% to $16.9 million.
The quarterly results include financial performance since July 20 for etrials Worldwide Inc., a vendor of clinical trials management software; and for the month of September for Confirma Inc., which sells imaging decision support software. Merge expects the acquisitions will add to earnings in 2010.
For the first nine months of 2009, Merge had net income of $2.4 million, compared with a $25.6 million loss during the same period a year ago. Revenue increased 14% to $47.6 million.
More information is available at merge.com.
--Joseph Goedert
NOV 4, 2009 4:13pm ET
Mixed Q3 Results for Merge Healthcare
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