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AMICAS Reports Financial Results for the Second Quarter Ended June 30, 2008
Date:8/4/2008

Active second quarter stock repurchase program and positive cash flow from

operations

BOSTON, Aug. 4 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in radiology and medical image and information management solutions, today reported unaudited financial results for the second quarter ended June 30, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO )

Q2 Financial Highlights

Revenue: Total revenues for the second quarter of 2008 were $13.6 million, compared to $12.5 million for the second quarter of 2007.

Operating Loss: Operating loss for the second quarter of 2008 was $602,000, compared to an operating loss of $1.4 million for the second quarter of 2007.

Net Loss: The Company's net loss for the second quarter of 2008 was $97,000, or $(0.00) per share, compared to net loss of $480,000, or $(0.01) per share, for the second quarter of 2007.

In the second quarter of 2008, both operating loss and net loss included $185,000 of non-cash stock-based compensation expense and $848,000 of depreciation and amortization. In the second quarter of 2007, both operating loss and net loss included $510,000 of non-cash stock-based compensation expense and $740,000 of depreciation and amortization.

Pro-forma EBITDA: Pro-forma EBITDA, a non-GAAP financial measure, was $431,000 in the second quarter of 2008 as compared to a loss of $134,000 in the second quarter of 2007.

"Pro-forma EBITDA," a non-GAAP financial measure, refers to net income, adjusted for amortization, depreciation, interest, taxes, and stock compensation expense. A reconciliation o
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SOURCE AMICAS, Inc.
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