The addition of RIS Logic Inc. helped spur revenue and earnings growth at Merge Technologies Inc. in the third quarter.
Revenues rose 43 percent to $7.6 million, compared with $5.3 million in the third quarter of 2002. Net income reached $1.6 million, a gain of 55 percent over $1 million in the year-ago period. For the nine-month period, revenues rose to $20.2 million, up 44 percent from $14 million in the same period of 2002. Net income almost doubled to $4.3 million, compared with $2.3 million in the year-ago period. Merge's results include approximately 10 weeks of RIS Logic results. The Milwaukee-based Merge acquired RIS Logic in July.
Merge also estimated that revenues will total $29 million this year, representing growth of some 40 percent over revenues of $20.8 million in 2002.