ALI's revenues surge in second quarter of 1998Canadian ultrasound miniPACS developer ALI Technologies is proving that the market for ultrasound miniPACS continues to be quite healthy. The Richmond, BC-based firm's second-quarter revenues soared
Canadian ultrasound miniPACS developer ALI Technologies is proving that the market for ultrasound miniPACS continues to be quite healthy. The Richmond, BC-based firm's second-quarter revenues soared 66% compared with the same period last year.
For the quarter (end-March), revenues were $5.1 million (Canadian), compared with $3 million in 1997. Net income was $1.1 million, compared with $458,000 in 1997.
ALI installed 29 of its UltraPACS systems, including 15 departmental and 14 clinical-scale systems, during the period. The firm has also expanded its R&D space by 100%, production capacity by 200%, and service capacity by 150%.
In other ALI news, the company has grown its North American direct sales force by 50% to a total of nine people. The firm has also signed a letter of intent to acquire the assets and intellectual property of its European distributor, SeppMED. Diligence work is under way.