Navigation Links
Craneware Announces Fiscal Year-End Results

ATLANTA, Sept. 8 /PRNewswire/ -- Craneware, Inc. (AIM: CRW.L), a leader in sustainable financial improvement solutions for the U.S. healthcare market, is pleased to announce results for the year ended June 30, 2009.

Financial Highlights

  • Record levels of contracted sales in the year totaling $43.2m (FY08: $25.7m), 68% up from the previous year, contributing to:
    • 23% increase in revenues to $23.0m (FY08: $18.7m)
    • 51% increase in future revenues under contract to $60.1m (FY08:$39.9m)
  • Profit before share based payments, depreciation and amortization increased 29% to $5.8m (FY08: $4.5m)
  • Profit before taxation increased by 40% to $5.9m (FY08: $4.2m)
  • Cash position increased 24% to $26.1m (FY08 $21.1m)
  • Basic EPS increased to $0.18 (FY08: $0.14) and diluted to $0.17 (FY08: $0.13)
  • Final dividend proposed of 2.9p (4.77 cents) per share giving a total dividend for the year of 4.7p (7.43 cents) per share (FY08: 3.1p (4.96 cents) per share)

Operational Highlights

  • New product lines contributed $10.1m (23%) to total contracted sales during the year
  • Extended market reach through partnership deals with Premier, Amerinet and Perot
  • Signed significant reseller agreement with McKesson Corporation post year-end
  • Accelerated investment in sales and marketing activities
  • Proposed U.S. Healthcare reforms trend toward increased regulation and new market opportunities

Keith Neilson, CEO of Craneware, commented, "The U.S. healthcare system is currently undergoing an unprecedented level of change and public scrutiny. This combined with the global economic downturn means healthcare organizations are experiencing extraordinary levels of fiscal and legislative pressure. Craneware continues to invest in the development and deployment of software to help manage these pressures and we believe that our market leading position and reputation within the industry, combined with our strong business fundamentals, leaves us well positioned to serve this growing demand.

"The signing of a significant value-added reseller agreement with McKesson Corporation, the world's largest healthcare services company, at the beginning of this new fiscal year has given us a strong start. The agreement sees McKesson integrate Craneware's Chargemster Toolkit(R) software with their next generation hospital information system (HIS), Horizon Enyterprise Revenue Management(TM) as part of their ongoing legacy system replacement and upgrading program. This new agreement, combined with a growing Craneware sales pipeline and the launch of further products by the end of the current year, gives us confidence we are on track to continue our history of significant growth in the year ahead."

About Craneware

Craneware (AIM: CRW.L) partners with healthcare organizations to improve returns, increase productivity and manage risk, driving sustainable financial and operational performance improvements using market-led revenue management solutions. By enhancing revenue capture processes, Craneware SaaS solutions allow those organizations to optimize reimbursement, improve operational efficiency, and support compliance. Visit

A full copy of the Company's Year-End Results can be found on Craneware's Web site at In the Investors area of the Web site, click on Financial Reports.

This document does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for Ordinary Shares in any jurisdiction in which such offer or solicitation is unlawful.

SOURCE Craneware, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Craneware to Highlight Best Practices for Optimizing Revenue Capture Processes in Two Seminar Presentations during HFMAs 2009 ANI: The Healthcare Finance Conference
2. Craneware Supports Hospitals Compliance and Upfront Collections with Accurate Estimates
3. Craneware Appoints New Non-Executive Director
4. Craneware to Offer Financial Performance Solutions to Hospitals and Healthcare Providers Through Premier, the Largest U.S. Healthcare Alliance
5. Craneware and St. Joseph to Present Revenue Enhancement Success Story at HIMSS
6. Craneware Announces Half-Year Results
7. Cochlear Americas Announces FDA Approval of the Nucleus(R) 5 System, the Newest and Most Advanced Cochlear Implant System
8. Medizone International, Inc. Announces OTCBB Listing
9. PPJ Enterprise Announces New Acquisition
10. Migraine Research Foundation Announces Winners of 2009 Research Grants
11. Asymchem Announces Fall Process Symposium Confirmed List of Speakers
Post Your Comments:
(Date:11/25/2015)... ... 2015 , ... The McHenry County law firm of Botto Gilbert Lancaster, ... Francisco J. Botto and Alex C. Wimmer. Attorneys Botto and Wimmer represented the claimant ... (2d) 130884WC. , According to court documents, Adcock testified that on May 10, 2010 ...
(Date:11/25/2015)... ... ... SCOTTSDALE, AZ) - Today, Dr. Todd C. Hobgood ... non-surgical treatments, announced the expansion of his private practice capabilities with the grand ... trained and nationally recognized for his natural approach, Dr. Todd Hobgood serves the ...
(Date:11/25/2015)... ... November 25, 2015 , ... In an ongoing Clinical Study conducted ... in Chicago, IL, UV Angel is evaluating the efficacy of its product and its ... units (totaling 30 beds) from May 2014 through October 2015 at a 360-bed, acute-care, ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... scholarships for people struggling with eating disorders as a result of the $20,000 ... annual event, held at Fox Run Golf Club in Eureka, will help individuals ...
(Date:11/25/2015)... Davie, Florida (PRWEB) , ... November 25, 2015 ... ... PharmaTech LLC has announced that it has undertaken significant expansion of its current ... Florida. The investment is part of PharmaTech’s strategy to increase its manufacturing capacity ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... BOULDER, Colo. , Nov. 24, 2015 /PRNewswire/ ... announced that its Chief Executive Officer, Ron ... Annual Healthcare Conference in New York.  The public ... a webcast on the Array BioPharma website.Event:Piper Jaffray ... OfficerDate:  , Wednesday, December 2, 2015Time:1:30 p.m. Eastern ...
(Date:11/24/2015)... New York , 24. November 2015 ... des Avery Breathing Pacemaker Systems, ist erfreut, ... als Clinical Consultant bekannt geben zu können. ...   --> Foto ... Stockholm (Schweden). Von 1984-1986 war ...
(Date:11/24/2015)... 24, 2015 Avery Biomedical Devices (ABD), manufacturer ... announce the appointment of Anders Jonzon , MD; ... Dr. Jonzon is a Physiologist ... Hospital, Uppsala University, Uppsala and Children,s Hospital, Karolinska, ... a fellow at the Cardiovascular Institute (UCSF). His research ...
Breaking Medicine Technology: