Financial News: Emageon, NightHawk, Vital Images

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Emageon reported Q4 and year ended 2006 financial results. Q4 revenue was a record $33.5 million, a 36 percent increase over Q4 2005 revenue of $24.5 million. The company earned net income of $2.1 million in Q4 2006, compared to a net loss of $3.9 million in Q4 2005. For the year, revenue was $123.5 million, an increase of 65 percent over revenue of $75.1 million for 2005. The company’s net loss for the 2006 year was $6.1 million, compared to a net loss of $5 million for the year ended December 31, 2005.


NightHawk Radiology Holdings saw Q4 revenues up 30 percent to $24.1 million, compared to $18.5 million for Q4 2005. Net income for the quarter 2006 was $2.2 million compared with a net loss of $9.1 million for the period.
   
The company saw total revenues up 44 percent to $92.2 million for the year (ended December 31, 2006) compared to $64.1 million in 2005. Operating income increased 35 percent to $23.4 million for the year, compared to $17.3 million in 2005.

Net loss under GAAP for 2006 was $28.5 million compared with a net loss of $36.5 million for the same period of 2005.


Vital Images reported Q4 2006 revenue of $20.0 million, a 31 percent increase over $15.3 million in the 2005 Q4 2005. Net income for the Q4 2006 was $2.3 million. This compares to net income for the Q4 2005 of $2.4 million.

The company’s revenue for 2006 increased to $70.5 million, a 36 percent increase over $51.7 million in the prior year. Net income for 2006 was $6.6 million). This compares to net income for 2005 of $5.8 million.