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AMICAS Reports Financial Results for the Fourth Fiscal Quarter and Year Ended December 31, 2008
Date:2/25/2009

icenses, services, hardware, and maintenance/support.

                      Condensed Consolidated Balance Sheets
                                   (Unaudited)
                         (in thousands, except share data)

                                                 December 31,   December 31,
                                                     2008           2007
    Assets
    Current assets:
       Cash and cash equivalents                     $7,366         $8,536
       Marketable securities                         47,627         67,071
       Accounts receivable, net of
        allowances of $158 and $231,
        respectively                                 10,224         10,483
       Prepaid expenses and other current
        assets                                        2,261          2,931
    Total current assets                             67,478         89,021

    Property and equipment, less
     accumulated depreciation and
     amortization of $7,495 and $6,848,
     respectively                                       965          1,186
    Goodwill                                              -         27,313
    Acquired/developed software, less
     accumulated amortization of $10,195
     and $7,992, respectively                         5,805          8,008
    Other intangible assets, less
     accumulated amortization of $2,144
     and $1,742, respectively                         1,256          1,658
    Other assets                                      1,594          1,255
    Total Assets                                    $77,098       $128,441

    Liabilities and stockholders' equity
       Current liabilities:
        Accounts payable and accrued expenses        $4,156         $7,094
        Accrued employee compensation and
         benefits                                     1,611          1,451
        Deferred revenue                             14,657         1
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SOURCE AMICAS, Inc.
Copyright©2009 PR Newswire.
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