Emageon year-end revenue increases 97%

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Emageon Inc. this week released financial results for the quarter and the year ending December 31, 2004.
   
Revenues increased 77 percent to $16.2 million, compared with $9.2 million in the fourth quarter of FY03. Net loss was $2.2 million, compared with net loss of $1.9 million in the year-ago quarter.  
   
For the year, revenues increased 97 percent to $45.8 million, compared with $23.3 million in FY03. Net loss was reported at $10.5 million, compared with loss of $11.4 million in the year-ago period.
   
Emageon recently completed its initial public offering. Including the over-allotment option, Emageon issued 5.75 million shares of common stock at a price of $13 per share.