Sunday, December 11, 2011

Charge to hamper Merge 2Q net income - Denver Business Journal:

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million noncash writedown on the sale of its equity interesr in aradiology company. The West Allis-based radiologgy software and systems provider said the charge is the result of the sale of its interest in veterinary radiology company , as part of Eklin’s acquisition by veterinaru services provider (NASDAQ: With Elkin's sale to VCA, Merge MRGE) will receive $1.4 million for its interes in Elkin, but the majority of that will be recognizefd in the third quarter. The charge, however, will be recognized in the second when Merge will alsosee $2.
2 million in non-recurrinhg revenue as a result of a new resellere agreement the company reached with Elkin in June that'z being reassigned to VCA. Merge now expectsx to post net income for the seconxd quarterbetween $100,000 and $800,000, comparedx with a net loss of $18.2 millionm a year ago. The company poste d net income for the first quarter of 2009of $2.8 Excluding the noncash operating income is expected to be $3.7 million to $4.4 compared with a net loss of $18.3 milliojn a year ago. Revenue is now projectedd to be in the rangwof $15 million to $15.5 million, compared with $13.3 million a year ago.

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