Navigation Links
VirtualScopics, Inc. Reports a Record Breaking Quarter
Date:8/12/2009

ROCHESTER, N.Y., Aug. 12 /PRNewswire-FirstCall/ -- VirtualScopics, Inc. (Nasdaq: VSCP), a leading provider of quantitative imaging for clinical trials, today announced its financial results for the quarter and six months ended June 30, 2009.

Highlights include:

  • Revenues for the second quarter of 2009 increased 47% to $2.5 million, compared to prior year's second quarter revenues of $1.7 million.
  • Gross profit for the second quarter of 2009 increased 96% to $1.4 million, compared to $0.7 million in the second quarter of 2008.
  • Gross margin increased to 55% in the second quarter ended June 30, 2009, compared to 41% in the second quarter of 2008, a 34% improvement.
  • Earnings before interest, taxes, deprecation and amortization, and excluding stock compensation of $269,016 and a loss from derivative financial instrument of $205,914 ("Adjusted EBITDA"), was $180,846 for the quarter ended June 30, 2009 compared to an Adjusted EBITDA loss of ($467,119) for the comparable period in 2008.
  • For the six months ended June 30, 2009, Adjusted EBITDA was $221,791 compared to a loss of ($899,727) for the first six months of 2008.
  • Net loss for the quarter ended June 30, 2009 was ($413,123) compared to a net loss of ($851,110) for the second quarter of 2008. For the six months ended June 30, 2009, net loss was ($1,169,236) compared to a net loss of ($1,775,623) for the six months ended June 30, 2008.

"This has been a transformational year for VirtualScopics," stated Jeff Markin, president and chief executive officer of VirtualScopics. "We have successfully progressed the company from a consumer of cash to a generator of cash. I am especially pleased that we have accomplished this by building a strong operati
'/>"/>

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

0

GOOD

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Hillenbrand Reports 2.4% Decline in Earnings Per Share on 3.8% Lower Revenues in Third Quarter 2009
2. BELLUS Health reports results for first half of fiscal 2009
3. China Pharma Holdings, Inc. Reports Second Quarter 2009 Financial Results and Corporate Updates
4. VIVUS Reports Second Quarter 2009 Financial Results
5. Mesa Labs Reports Higher First Quarter Earnings
6. Physician Owned and Operated Hospitals Get Top Rankings From Consumer Reports, but They Remain on the Healthcare Reform Chopping Block
7. Cardium Reports on Second Quarter 2009 Financial Results and Recent Developments
8. Winner Medical Reports Third Quarter Fiscal 2009 Results
9. Vion Pharmaceuticals Reports 2009 Second Quarter And Six-Month Results
10. DUSA Pharmaceuticals Reports Second Quarter 2009 Corporate Highlights and Financial Results
11. Cornerstone Therapeutics Reports Second Quarter and First Half 2009 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/18/2013)... 2013 Palo Alto has taken yet another ... cities with its recent major long-term solar power commitment. ... solar electric power purchase agreements , which together will result ... solar photovoltaic electric power per year, which is the equivalent ... That’s enough power to supply all 65,000+ Palo Alto residents---and ...
(Date:6/18/2013)... Recent research has shown that cancer cells have a ... normal cells. Now, scientists at The University of Texas ... provide a new strategy to combat lung cancer. , ... journal PLOS ONE , UT Dallas researchers compared ... normal lung cells taken from the same patient. ...
(Date:6/18/2013)... (PRWEB) June 18, 2013 The July 2013 ... Cheater’s Guide to Getting Beach Ready,” offers a list of ... look their best in a bathing suit this summer. The ... skin firming , smoothing cellulite , and more. (go ... Ourian, Medical Director of Epione Beverly Hills, “though I would ...
(Date:6/18/2013)... FL (PRWEB) June 18, 2013 A ... by storm. The burgeoning aquaculture industry is redefining the ... one of the most acclaimed personal culinary chefs on ... clientele on benefits of sustainable seafood and the promising ... in abundance these days. Many consumers strive to fully ...
(Date:6/18/2013)... one of the most successful Facebook brands of all time ... article What We Can Learn From one of the ... brand Gollan refers to is the multi-national Coca Cola who, ... (and rising). , The brand featured at number ten ... The Facebook data tracking publication ranked the brand highly because ...
Breaking Medicine News(10 mins):Health News:Palo Alto Seals the Deal on Major Solar Electric Investments 2Health News:Palo Alto Seals the Deal on Major Solar Electric Investments 3Health News:UT Dallas study suggests new approach to fight lung cancer 2Health News:UT Dallas study suggests new approach to fight lung cancer 3Health News:Skin Care – Getting Your Body Beach Ready 2Health News:New $119 Million Industry Swimming Up the East Coast 2Health News:Casey Gollan Shows What We Can Learn From One of the Best Facebook Pages There Is 2Health News:Casey Gollan Shows What We Can Learn From One of the Best Facebook Pages There Is 3
... with increasingly hectic work, school and extracurricular schedules, the ... time between parents and children. University of Missouri human ... vital step in maintaining family relationships and health. ... Environmental Sciences, says that instead of watching TV or ...
... , TUESDAY, Oct. 11 (HealthDay News) -- Studies on the ... plagued by design problems, a new report issued by the ... evidence exists that this kind of therapy helps such patients ... to develop definitive guidelines for its use. With traumatic ...
... , TUESDAY, Oct. 11 (HealthDay News) -- A healthy diet ... effect of a gene associated with an increased risk of ... published in the current online edition of the journal ... gene variant and diet in more than 27,000 people of ...
... By Randy Dotinga HealthDay Reporter , TUESDAY, Oct. 11 ... supplements seem to reduce inflammation in the intestines -- a potential ... However, more study needs to be done, and the ... or start gobbling up more ginger at meal times. "If ...
... (Oct. 11, 2011) According to new research by ... in treating a variety of diseases may produce unintended ... RNAs Induce Retinal Degeneration via TLR3 and IRF3", appears ... Molecular Therapy, a publication of the Nature Publishing ...
... Center is exploring the ethical challenges that clinicians ... immigrants in the United States. The project is supported ... Rights Program. Most of the estimated 11 million ... and are ineligible for public insurance programs. They are ...
Cached Medicine News:Health News:Human development experts recommend tuning in to family, not devices 2Health News:Evidence Lacking That Cognitive Rehab Therapy Helps Brain-Injured Vets 2Health News:Evidence Lacking That Cognitive Rehab Therapy Helps Brain-Injured Vets 3Health News:Healthy Diet May Counteract Heart Disease Gene 2Health News:Ginger Supplements Might Ease Inflammation Linked to Colon Cancer 2Health News:Emerging pharmaceutical platform may pose risks to retinal health 2Health News:New project examines medical safety net for undocumented patients 2
(Date:6/18/2013)... -- Royal Philips (NYSE: PHG, AEX: PHIA) ... in Imaging Equipment in the 2013 Best in KLAS ... Best in KLAS and Best in Category awards for ... Computed Tomography (CT), Ingenia 1.5T and 3.0T Magnetic Resonance ... Best in KLAS Awards: Medical Imaging & Infrastructure are ...
(Date:6/18/2013)... June 18, 2013  Specialty Coating Systems ... in Parylene coating technologies: SCS microRESIST™ Antimicrobial ... of Parylene with antimicrobial properties to effectively ... components. (Logo: http://photos.prnewswire.com/prnh/20130618/DE33772LOGO ... increase and continue to pose a challenge ...
(Date:6/18/2013)... BURLINGTON, Mass. , June 18, 2013 Decision ... for pharmaceutical and healthcare issues, finds that, over the past ... ( France , Germany , ... and the United Kingdom ) have been ... most of their HIV patients, primarily to reduce costs. Additionally, ...
Breaking Medicine Technology:Philips Named 2013 Overall Performance Leader In Imaging Equipment By KLAS 2Specialty Coating Systems Announces New Antimicrobial Parylene Technology 2One in Four Surveyed EU5 Physicians Has Been Required to Change a Prescription for Some or Most of Their HIV Patients in the Past Twelve Months, Primarily to Reduce Costs 2One in Four Surveyed EU5 Physicians Has Been Required to Change a Prescription for Some or Most of Their HIV Patients in the Past Twelve Months, Primarily to Reduce Costs 3
... Extension, a global authority on nutrition, health, and wellness ... product featuring ChromaDex,s (CDXC.OB) pTeroPure pterostilbene, which is now ... retailers. Life Extension pTeroPure contains 50 mg ...  Pterostilbene has been shown to be superior ...
... 6, 2011 Alere Health, LLC announced today ... Quality Assurance (NCQA) Health Information Products Certification for ... Nurse24(SM) program − a 24/7 nurseline staffed by ... make smarter healthcare decisions by providing immediate clinical ...
Cached Medicine Technology:Life Extension® Launches New Product Containing ChromaDex's pTeroPure® Pterostilbene 2Life Extension® Launches New Product Containing ChromaDex's pTeroPure® Pterostilbene 3Alere Earns NCQA Health Information Products Certification for Health Information Line 2
... designed specifically for the Palm Organizers ... ward rounds. It is intended to ... consultations that are requested by the ... Ward round examinations and to record ...
... tracking and billing. This ... Handheld application, a complete ... CPT™ and ICD-9-CM codes ... Designed for any medical ...
In addition to the patient data OB-on-Call contains a comprehensive Medications list displaying related drugs by brand name, generic title, and usage description notes....
Archimedes is an innovative specialty calculator. Forget having to remember complicated formulas, just enter the values and out come the results....
Medicine Products: