iCAD reported Q4 2006 revenue of $6.4 million, an increase of $300,000 or 5 percent, compared to $6.1 million for the same period last year. Sales of iCAD’s digital solutions increased 36 percent over the prior year Q4 due primarily to the rapid adoption of digital technology. Sales of the company’s analog products declined 30 percent over the prior year quarter, primarily due to the rapid adoption of digital technology combined with previously weak channel coverage of the film-based market. Service and supply revenue increased by 51 percent over the prior year’s fourth quarter.
Q4 net loss dropped to $1.4 million, compared to a net loss of $1.8 million Q4 2005, which does not include any share based compensation expense.
Merge Technologies announced Q4 revenue of $13.2 million compared to $25.5 million in 2005. During Q4 2006, Merge's GAAP loss was $27.0 million versus earnings of $2.8 million during the same period last year.
For the year ended December 31, 2006, the company’s revenue totaled $75.0 million compared to $82.6 million in the prior year. The company's GAAP loss totaled $258.5 million, versus a net loss of $2.7 million in fiscal 2005.