Merge posts strong Q2 results despite charges from Cedara merger

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Merge Technologies Inc. this week released its financial results for the 2nd quarter 2005 which came to a close June 30, 2005.  Merge's revenue for the period totaled $18.8 million, which is a record quarterly earning according to the company. However, the company noted that though pre-tax cash earnings per share were $0.33, on a GAAP basis there was a $(0.62) loss per share, which is primarily as a result the related costs associated with the merger with Cedara Software which closed on June 1st.
   
Other key results for the quarter were a net income loss of $11.87 million compared to almost a $1.5 million gain for the same period in 2004, as well as a net income loss for the first half of 2005 of $9.78 million compared to a net income gain of $2.85 million for the first half of the previous year.