AMICAS Reports Financial Results for the Third Quarter Ended Septembe...( Positive cash flow from operation...),Health

Positive cash flow from operations, updated guidance, and new stock

repurchase program

BOSTON, Nov. 3 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in radiology and medical image and information management solutions, today reported unaudited financial results for the third quarter ended September 30, 2008.
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Q3 Financial Highlights

Revenue: Total revenues for the third quarter of 2008 were $12.3 million, compared to $13.3 million for the third quarter of 2007.

Operating Loss: Operating loss for the third quarter of 2008 was $1.2 million, compared to an operating loss of $521,000 for the third quarter of 2007.

Net Loss/Income: The Company's net loss for the third quarter of 2008 was $809,000, or $(0.02) per share, compared to net income of $374,000, or $0.01 per share, for the third quarter of 2007.

In the third quarter of 2008, both operating loss and net loss included $438,000 of non-cash stock-based compensation expense and $835,000 of depreciation and amortization. In the third quarter of 2007, both operating loss and net income included $514,000 of non-cash stock-based compensation expense and $789,000 of depreciation and amortization.

Pro-forma EBITDA: Pro-forma EBITDA, a non-GAAP financial measure, was $87,000 in the third quarter of 2008 as compared to $782,000 in the third quarter of 2007.

Pro-forma EBITDA refers to net income, adjusted for amortization, depreciation, interest, taxes, and stock compensation expense. A reconciliation of net loss/income as determined under G
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