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Home > BizTimes Daily > Archives > May 12, 2008
Merge Healthcare still in the red
Published May 12, 2008 - BizTimes Daily
The losses continue to pile up for Merge Healthcare Inc., a West Allis-based medical software company. The company's net loss for the first quarter totaled $7.8 million, or 23 cents per share, which was a slight improvement from a loss of $9.7 million, or 29 cents per share, in the first quarter of 2007.
The company's quarterly revenue was $13.7 million, down from $15.9 million in the same period a year earlier.
Merge executives did not comment on the latest quarterly results today. The company said it will conduct a conference call with analysts on Thursday, May 15, at 8 a.m.
The company's common stock traded this morning at just 33 cents per share. The company was warned last month that it is danger of being de-listed from the Nasdaq Stock Market because its stock has been trading at less than the minimum bid price of $1 per share. Merge has until Sept. 29 to regain compliance.
To regain compliance with the minimum bid price rule, the closing bid price of the company's common stock must close at $1 per share or more for a minimum of 10 consecutive business days.
