Vital Images returns to profitability

Rebounding from the slowdown reported earlier this year (SCAN 2/25/04), Vital Images scored record total revenue for the second quarter of $8 million versus $7.5 million in the year-ago period, a 6% increase. In 2Q 2004, Vital Images reported net earnings of $95,000, or 1¢ per diluted share, which includes $327,000 in costs related to the amortization of intangible assets purchased in the HInnovation acquisition, which was completed in February. In the same period last year, the company recorded net income of $666,000, or 6¢ per diluted share.

The company claimed increasing market share through direct sales and its distribution partnership with Toshiba Medical. Orders are also coming in through a PACS distribution agreement with McKesson Information Solutions.