AMICAS Reports 1Q Results

May 1, 2008

Revenue increased, but so did losses for medical imaging software vendor AMICAS Inc. during the first quarter of 2008.

The Boston-based vendor of radiology information systems, picture archiving and communications systems, and accompanying applications and services had a net loss of $467,000, compared with net income of $146,000 in the first quarter a year ago.

Quarterly revenue rose 3% to $12.8 million. The company ended the quarter with cash and equivalents of $72 million and no long-term debt. AMICAS is succeeding in getting new customers even as hospitals struggle with reduced Medicare reimbursement for diagnostic imaging procedures, says Stephen Kahane, M.D., president, CEO and chair.

More information is available at amicas.com.

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AMICAS Reports 1Q Results

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