Merge revenues grow during second quarter

August 1, 1999

Merge revenues grow during second quarterConnectivity and PACS firm Merge Technologies reported preliminary results for its second quarter that will be below analysts’ expectations, according to the company. The Milwaukee, WI-based vendor

Merge revenues grow during second quarter

Connectivity and PACS firm Merge Technologies reported preliminary results for its second quarter that will be below analysts’ expectations, according to the company. The Milwaukee, WI-based vendor expects revenue to be approximately $2.8 million, a 47% increase compared with the $1.9 million reported in the same period last year. Merge anticipates a net loss of 8 cents to 11 cents a share for the quarter (end-June). The company had a net loss of 12 cents per share in the same period in 1998.

In other Merge news, the company has installed its 275th MergeWorks DICOM clinical imaging network in the U.S. Merge began shipping MergeWorks in the U.S. in 1996. Earlier this year, Merge began offering MergeWorks in Europe, and the company has installed networks at five European sites. In the second quarter, the firm’s systems solutions division posted a 70% increase in revenue compared with the same period in 1998.