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Emageon Reports Fourth Quarter and 2007 Financial Results
Date:2/20/2008

Company Provides Financial Guidance for 2008

BIRMINGHAM, Ala., Feb. 20 /PRNewswire-FirstCall/ -- Emageon Inc. (Nasdaq: EMAG) today reported financial results for its fourth quarter and full year ended December 31, 2007.

Revenue for the fourth quarter was $28.6 million, a 14.7% decrease from fourth quarter 2006 revenue of $33.5 million. The net loss for the quarter was $0.5 million, or $0.02 per share. In the fourth quarter of 2006, the Company earned net income of $2.1 million, or $0.10 per diluted share. For the year ended December 31, 2007, revenue was $104.2 million, a decrease of 15.6% from the comparable prior year period. Net loss for the year ended December 31, 2007 was $6.9 million, or $0.32 per share, compared to a net loss of $6.0 million, or $0.29 per share, for the year ended December 31, 2006.

Included in the Company's results of operations for 2007 are fourth quarter expenses of $1.1 million, or $0.05 per share, related to employee severance and associated expenses ($2.1 million, or $0.10 per share, for the year ended December 31, 2007), and included in the Company's results of operations for 2006 are fourth quarter expenses of $1.0 million, or $0.05 per share, related to the integration of an acquired company into the Company's operations ($5.4 million, or $0.26 per share, for the year ended December 31, 2006).

The company's cash earnings, which are determined by excluding non-cash charges for depreciation expense, amortization of intangible assets, and stock-based compensation expense from earnings determined under generally accepted accounting principles ("GAAP"), were $2.7 million, or $0.13 per diluted share, in fourth quarter 2007 compared to $6.1 million, or $0.28 per diluted sha
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SOURCE Emageon Inc.
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