Company Reaffirms Earnings Guidance and Provides Updated Revenue Guidance
BIRMINGHAM, Ala., Nov. 6 /PRNewswire-FirstCall/ -- Emageon Inc. (Nasdaq: EMAG) today reported financial results for its third quarter and nine months ended September 30, 2007.
Revenue for the quarter was $22.7 million, a 31.2% decrease from third quarter 2006 revenue of $33.0 million. The net loss for the quarter was $4.3 million, or $0.20 per share. In the third quarter of 2006, the Company had a net loss of $0.3 million, or $0.01 per share, including $2.1 million, or $0.10 per share, in expenses related to the integration of Camtronics Medical Systems, Ltd. ("Camtronics") into the Company's operations. The Company acquired Camtronics November 1, 2005.
Revenue for the nine months ended September 30, 2007 was $75.7 million, a decrease of 16.0% from the comparable prior year period. Net loss for the nine months ended September 30, 2007 was $6.4 million, or $0.30 per share, including $0.6 million, or $0.03 per share, in restructuring expenses related to the Company's May 2007 reduction in workforce. For the nine months ended September 30, 2006, the Company's net loss was $8.1 million, or $0.39 per share, including $4.3 million, or $0.21 per share, in expenses related to the integration of Camtronics.
The Company's loss excluding non-cash charges for depreciation,
amortization of intangible assets, and stock-based compensation ("non-cash
charges") was $1.3 million, or $0.06 per share, in third quarter 2007
compared to income of $3.6 million, or $0.17 per diluted share, in third
quarter 2006. For the nine months ended September 30, 2007, the Company's
earnings excluding non-cash char
|SOURCE Emageon Inc.|
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