compared to net profit of $74,000, or $0.00 per share, in first-quarter
The Company's plan to stabilize growth of services revenues and reduce the effects of the economy and other market pressures includes not only continuing to drive the centers of influence strategy to augment direct sales and marketing to physicians but also a broader range of imaging services and, therefore, revenue sources. During first quarter Digirad began a pilot program to evaluate a new diagnostic ultrasound procedure to complement its current imaging services.
Physicians enrolled with DIS who are participating in the pilot program are finding that additional vascular imaging can enhance patient care. All primary-care physicians using DIS ultrasound services may soon be able to offer this new service to their patients.
Casner stated: "We will continue to pilot this program during the next
few quarters and, if indications remain positive, anticipate rolling out
this new service to the larger number of our DIS physicians who lease our
ultrasound imaging services. Due to the way the new procedure easily fits
into our current process, we would also be able to leverage our existing
Other First-Quarter 2008 Updates:
-- DIS fleet upgrades: seven multi-head Cardius XPO cameras were added to
Digirad's mobile imaging services fleet during the quarter; 82 percent
of DIS' mobile fleet, or 68 systems, have been upgraded. The upgrades
of the entire fleet are expected to be completed during second-quarter
-- Asset utilization was 64 percent of 143 systems (nuclear and
ultrasound), compared to 58 percent of 82 systems (all nuclear) for
-- Cash and equivalents and securities available for sale on
March 31, 2008, totaled $26.4 million, compared to $31.7 million on
|SOURCE Digirad Corporation|
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