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AMICAS Reports Financial Results for the Second Quarter Ended June 30, 2009
Date:8/5/2009

growth. We believe that AMICAS' growth will be improved by trends in the market for teleradiology, solutions for image-enabling the EMR, and a growing trend in replacement opportunities where customers value interoperability, modern technology, and opportunities for high returns on investment."

Looking Forward

Second Half of 2009: The Company is establishing guidance for the second half of fiscal year 2009 as follows:

  • Non-GAAP revenue for the second half of 2009 is expected to be approximately $56.0 million. For 2009, revenue is expected to be approximately $94.8 million.

  • Adjusted EBITDA for the second half of 2009 is expected to be approximately $8.5 million. For 2009, adjusted EBITDA is expected to be approximately $12.3 million.

Fiscal Year 2010: In addition to the guidance on the second half of fiscal year 2009, the Company now expects 2010 to come in at the upper-end of the previously provided guidance. That is, the Company is increasing the low-end of previous fiscal 2010 guidance and reaffirming the top-end of the fiscal 2010 guidance.

  • Fiscal year 2010 revenue (GAAP) is expected to be $115 to $120 million.

  • Fiscal year 2010 adjusted EBITDA is expected to be $17.9 to $20.7 million.

A reconciliation of the Company's financial results determined in accordance with U.S. Generally Accepted Accounting Principles (GAAP) to certain non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Explanation of Non-GAAP Financial Measures."

Conference Call

AMICAS will host a conference call on Thursday, August 6, at 8:30 a.m. Eastern Time to di
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SOURCE AMICAS, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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