Merge sees downturn in revenues for Q3, nine months

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Merge Healthcare has posted its financial results for the third quarter and nine month period, which ended Sept. 30, 2007.

For the third quarter, Merge said that revenue totaled $14.1 million compared to $13.9 million in the third quarter ended Sept. 30, 2006.

The net loss for the third quarter of 2007 totaled $141.6 million, compared to a net loss of $11.2 million, in the third quarter of 2006, according to the Milwaukee-based company.

For the nine months, Merge reported that revenue totaled $44 million compared to $61.5 million in the nine months ended Sept. 30, 2006, a decrease of 28 percent.

The net loss for the first nine months of 2007 totaled $162 million, compared to a net loss of $227.5 million, for the first nine months of 2006, the company said.