ALI's revenues surge in second quarter of 1998

ALI's revenues surge in second quarter of 1998

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.

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