ALI’s second-quarter revenues skyrocket

May 14, 1997

ALI Technologies, of Richmond, British Columbia, continues to reap the rewards of a healthy PACS market. The ultrasound miniPACS developer posted revenues of $3.1 million (Canadian) for the second quarter of fiscal 1997 (end-March 31), a 92% increase

ALI Technologies, of Richmond, British Columbia, continues to reap the rewards of a healthy PACS market. The ultrasound miniPACS developer posted revenues of $3.1 million (Canadian) for the second quarter of fiscal 1997 (end-March 31), a 92% increase over the $1.6 million reported in the same period in 1996. Net income was $457,000 versus $6000 netted in the 1996 fiscal second quarter.

ALI celebrated several accomplishments in the second quarter, highlighted by the announcement that GE Medical Systems would purchase up to 19.9% of ALI's outstanding equity (SCAN 4/2/97). Negotiation over final documentation of the deal is ongoing, according to the company.

Other notable achievements in the second quarter included the first shipments of the UltraPACS 3.0 upgrade as well as the vendor's SWS 250 notebook PC-based sonographers' workstation. The company installed nine UltraPACS systems in the second quarter, seven of which were in North America.