iCAD Reports Fourth Quarter and Full Year 2007 Financi...(cember 31 2006. As of December31 2007 in...),Health

Date:3/6/2008

cember 31, 2006. As of December 31, 2007 inventories decreased 41% to $1.8 million, from $3.0 million as of December 31, 2006. Accounts payable were $2.0 million, down 21% from $2.6 million and accounts receivable increased 76% to $6.5 million, from $3.7 million as of December 31, 2006.

2008 Financial Guidance

iCAD today introduces financial guidance for the first six months of 2008. The Company expects total revenue for the first six months of 2008 to be in the range of $15 million to $16 million. The Company also expects to achieve gross margins consistent with 2007 and anticipates operating expenses will be between $5.6 million and $5.9 million per quarter for the first two quarters of 2008. This guidance includes the effect of anticipated revenue from the sale of iCAD's SecondLook Digital and TotalLook products to FujiFilm globally commencing in the second quarter.

Conference Call

iCAD management will host an investment-community conference call beginning at 10:00 a.m. Eastern time today to discuss these results and to answer questions. Shareholders and other interested parties may participate in the conference call by dialing 888-713-4213 (domestic) or +617-213-4865 (international) and entering passcode 94453837. The call will also be broadcast live on the Internet at http://www.streetevents.com, http://www.fulldisclosure.com or http://www.icadmed.com.

A replay of the conference call will be accessible two hours after its completion through March 13, 2008 by dialing 888-286-8010 (domestic) or +617- 801-6888 (international) and entering passcode 65836264. The call will also be archived for 90 days at http://www.streetevents.com, http://www.fulldisclosure.com
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SOURCE iCAD, Inc. Copyright©2008 PR Newswire. All rights reserved

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