Merge revenues sag in second quarter

August 1, 1998

Merge revenues sag in second quarterMerge Technologies of Milwaukee was hurt by disappointing end-user sales during its second quarter. The company's revenues dropped 9.5% for the campaign (end-June).Revenues were $1.9 million, compared with

Merge revenues sag in second quarter

Merge Technologies of Milwaukee was hurt by disappointing end-user sales during its second quarter. The company's revenues dropped 9.5% for the campaign (end-June).

Revenues were $1.9 million, compared with $2.1 million in 1997. The company posted a net loss of $683,000, compared with net income of $247,000 in the same period last year.

Merge executives believe the decrease in end-user sales is a temporary dip, and the company is deploying additional resources to reach more of its target audience in the U.S. and Europe. The company's sales through OEMs and value-added resellers performed as expected.

In other Merge news, the company began shipments of its MergeARK low-cost archiving offering last month. MergeARK supports online storage via redundant arrays of inexpensive disks (RAID) as well as CD-R media.