Merge eFilm achieves record revenues
Financial results for the third quarter, ended Sept. 30, at Merge eFilm showed a 44% increase in revenue over the year earlier period: $7.6 million compared with $5.3 million. Revenues were $20.2 million for the nine months ended Sept. 30, also an
Financial results for the third quarter, ended Sept. 30, at Merge eFilm showed a 44% increase in revenue over the year earlier period: $7.6 million compared with $5.3 million. Revenues were $20.2 million for the nine months ended Sept. 30, also an increase of 44% over the previous nine-month period. Net income for the quarter rose 55% to $1.6 million. Net income for the nine months increased 85% to $4.3 million. Results include approximately two and a half months of revenues from RIS Logic. The RIS Logic acquisition completed in late July strengthened Merge eFilm's product portfolio to include a full RIS/PACS solution. It also enhanced target market positioning and accelerated the effectiveness of operations, according to Richard A. Linden, Merge eFilm president and CEO.