Single Page | 
Multiple Pages
Home > BizTimes Daily > Archives > February 12, 2009
Merge Healthcare heals its bottom line
Published February 12, 2009 - BizTimes Daily
Merge Healthcare Inc. today reported fourth quarter net income $1.9 million, or 3 cents per share, which was an improvement from a net loss of $9.5 million, or 28 cents per share, in the same period a year ago.
The West Allis-based company's net income for the fourth quarter of 2008 includes a non-cash charge of $1.4 million due to the impairment of certain equity investments.
The company's fourth quarter net sales totaled $15.1 million, down slightly from $15.6 million a year earlier.
During the most recent quarter, the company's cash balance increased by $3.4 million to $17.8 million from a year ago.
"These results show continued positive progress on our turnaround efforts at Merge," said Justin Dearborn, chief executive officer of Merge Healthcare. "They also indicate our ability to function profitably in a very challenging market."
For the full fiscal year, the company's, net sales totaled $56.7 million, compared with $59.6 million in 2007. The firm's operating loss for 2008 was $21.7 million, which was an improvement over an operating loss of $171.2 million for 2007.
