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million noncash writedown on the sale of its equith interest in a radiology TheWest Allis-based radiology software and systems provider said the chargre is the result of the sale of its interesty in veterinary radiology company , as part of Eklin’z acquisition by veterinary services provider (NASDAQ: With Elkin's sale to VCA, Merge MRGE) will receive $1.4 million for its interest in but the majority of that will be recognizedd in the third quarter. The however, will be recognizesd in the second quarter, when Merge will also see $2.
2 million in non-recurring revenue as a result of a new reseller agreement the compan y reached with Elkin inJune that's being reassigned to VCA. Merge now expects to post net incomde for the second quarterbetween $100,0000 and $800,000, compared with a net loss of $18.2 millionb a year ago. The company postec net income for the first quarter of 2009of $2.8 Excluding the noncash charge, operatinyg income is expected to be $3.7 million to $4.4 million, comparec with a net loss of $18.3e million a year ago. Revenue is now projected to be in the rangeof $15 million to $15.5 million, compared with $13.w million a year ago.
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