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

re licenses and system sales, including

amortization of software costs of $489

and $503, respectively 2,211 1,519

Selling, general, and administrative (b) 5,002 5,377

Research and development (c) 2,195 2,022

Depreciation and amortization 275 272

13,952 13,182

Operating loss (1,164) (749)

Interest income 789 957

Loss on sale of investments (31) -

(Loss) income before provision for income taxes (406) 208

Provision for income taxes 61 62

Net (loss) income $(467) $146

(Loss) earnings per share

Basic: $(0.01) $0.00

Diluted: $(0.01) $0.00

Weighted average number of shares outstanding

Basic 43,628 44,549

Diluted 43,628 45,360

(a) includes $37,000 and $18,000 in stock-based compensation expense for

the three months ended March 31, 2008 and 2007, respectively

(b) includes $284,000 and $442,000 in stock-based compensation expense

for the three months ended March 31, 2008 and 2007, respectively

( c ) includes $112,000 and $63,000 in stock-based compensation expense

for the three months ended March 31, 2008 and 2007, respectively

CONDENSED Consolidated Statements Of Cash Flows

(Unaudited)

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SOURCE AMICAS, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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