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iCAD third quarter revenues drop
Third quarter revenues at computer-aided detection specialist iCAD dropped 37% to $7.1 million, but the company stayed in the black with net income of $113,000 compared with net income of $2.1 million in the year earlier period.
iCAD third quarter revenues drop
Third quarter revenues at computer-aided detection specialist iCAD dropped 37% to $7.1 million, but the company stayed in the black with net income of $113,000 compared with net income of $2.1 million in the year earlier period. For the first nine months total revenue declined 29% to $20.0 million from $28.2 million. Sales of digital CAD and MRI products led the decline with revenues falling to $12.7 million compared with $20.4 million over the two nine-month periods. Service and supply revenues actually increased to $2.8 million compared with $2.5 million. Film-based revenue of $4.6 million fell from $5.3 million. The company’s core digital mammography CAD business showed increased demand in the third quarter versus the second quarter, according to the company, as evidenced by the increased placements of full-field digital mammography systems posted in the Mammography Quality Standards Act data on the FDA website. Overall, revenues grew 24% compared with the second quarter of 2009. Ken Ferry, iCAD president and CEO, said he expects the sequential revenue growth to continue into the fourth quarter.
MRI-Based AI Radiomics Model Offers 'Robust' Prediction of Perineural Invasion in Prostate Cancer
July 26th 2024A model that combines MRI-based deep learning radiomics and clinical factors demonstrated an 84.8 percent ROC AUC and a 92.6 percent precision-recall AUC for predicting perineural invasion in prostate cancer cases.
Breast MRI Study Examines Common Factors with False Negatives and False Positives
July 24th 2024The absence of ipsilateral breast hypervascularity is three times more likely to be associated with false-negative findings on breast MRI and non-mass enhancement lesions have a 4.5-fold likelihood of being linked to false-positive results, according to new research.
Can Polyenergetic Reconstruction Help Resolve Streak Artifacts in Photon Counting CT?
July 22nd 2024New research looking at photon-counting computed tomography (PCCT) demonstrated significantly reduced variation and tracheal air density attenuation with polyenergetic reconstruction in contrast to monoenergetic reconstruction on chest CT.
