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

CONDENSED Consolidated Statements Of Cash Flows

(Unaudited)

(in thousands)

Six Months Ended

June 30,

2008 2007

Operating activities

Net loss $(564) $(334)

Adjustments to reconcile net loss to cash

provided by operating activities:

Depreciation and amortization 552 538

Provisions for (recoveries from) bad debts 110 (341)

Loss on disposal of fixed assets 6 -

Amortization of software development costs 1,060 979

Non-cash stock compensation expense 618 1,034

Changes in operating assets and liabilities:

Accounts receivable (1,607) (52)

Computer hardware held for resale,

prepaid expenses, and other 904 854

Accounts payable and accrued expenses (630) 922

Deferred revenue including unearned

discount 778 993

Unrecognized tax benefits 50 46

Cash provided by operating activities 1,277 4,639

Investing activities

Purchases of property and equipment (492) (264)

Purchase of software - (2,300)

Purchases of held-to-maturity securities (189,410) (44,592)

Maturities of held-to-maturity securities 175,642 44,174

Purchases of available-for-sale securities (5,597) (13,587)

Sales of availa
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SOURCE AMICAS, Inc.
Copyright©2008 PR Newswire.
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