Vitrea sparks Vital Images results

May 13, 1998

Sales of its Vitrea 3-D visualization workstation helped Vital Images report sharply higher revenues for its first quarter (end-March), although the company’s net loss grew as well. For the period, the Minneapolis company posted sales of $766,000,

Sales of its Vitrea 3-D visualization workstation helped Vital Images report sharply higher revenues for its first quarter (end-March), although the company’s net loss grew as well. For the period, the Minneapolis company posted sales of $766,000, compared with revenues of $156,000 in the first quarter of 1997. Vitrea began shipping in October, and in the most recent period contributed $488,000 to Vital Images’ revenues.

The company’s net loss for the first quarter was $1.1 million, compared with a net loss of $873,000 for the first quarter of 1997. The net loss for the most recent period included a charge of $180,000 in connection with the departure of Vital Images’ former CEO, Andrew Weiss (SCAN 2/18/98).