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AMICAS Reports Financial Results for the First Quarter Ended March 31, 2008
Date:4/30/2008

Positive cash flow from operations and an active first quarter 2008 stock

repurchase program

BOSTON, April 30 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in radiology and medical image and information management solutions, today reported unaudited financial results for the first quarter ended March 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO )

Q1 Financial Highlights

Revenue: Total revenues for the first quarter of 2008 were $12.8 million

compared to $12.4 million for the first quarter of 2007.

Operating Income/Loss: Operating loss for the first quarter of 2008 was

$1.2 million compared to an operating loss of $749,000 for the first

quarter of 2007.

Net Income/Loss: The Company's net loss for the first quarter of 2008 was

$467,000 or $(0.01) per share compared to net income of $146,000, or $0.00

per share, for the first quarter of 2007.

In the first quarter of 2008, both operating loss and net loss included

$433,000 of non-cash stock-based compensation expense and $764,000 of

depreciation and amortization. In the first quarter of 2007, operating

loss and net loss included $523,000 of non-cash stock-based compensation

expense and $775,000 of depreciation and amortization.

Cash and Cash Flow: AMICAS ended the first quarter of 2008 with a cash,

cash equivalents, and marketable securities balance of $72.0 million, no

long-term debt, and working capital of $66.8 million. AMICAS generated

$1.0 million of cash flow from operations in the first quarter of
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SOURCE AMICAS, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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