iCAD reports record sales
Breast computer aided detection (CAD) vendor iCAD Inc. reports that its sales for the fourth quarter ending Dec. 31 increased to $6.3 million, compared with $1.6 million in the fourth quarter of FY03.
Net income for the fourth quarter totaled $658,631, compared with a net loss of $1.6 million in the year ago quarter.
Sales for the year totaled $23.3 million, compared with $6.5 million in FY03. Net loss for the year totaled $828,263, compared with a new loss of $8.2 million in the year-ago period. iCAD associated the losses with the Dec. 31, 2003, acquisition and subsequent integration of Qualia Computing Inc. and its subsidiary CADx Systems Inc.
Net income for the fourth quarter totaled $658,631, compared with a net loss of $1.6 million in the year ago quarter.
Sales for the year totaled $23.3 million, compared with $6.5 million in FY03. Net loss for the year totaled $828,263, compared with a new loss of $8.2 million in the year-ago period. iCAD associated the losses with the Dec. 31, 2003, acquisition and subsequent integration of Qualia Computing Inc. and its subsidiary CADx Systems Inc.