iCAD reports record sales

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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.