NightHawk posts double-digit Q2 revenue gains

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NightHawk Radiology Holdings, the holding company for NightHawk Teleradiology of Coeur D’Alene, Idaho, reported double-digit revenue growth for its fiscal 2006 second quarter (end-June 30).

Revenue grew 66 percent to $37.9 million for the period, compared with $22.9 million in the second quarter of 2006. Growth in adjusted net income rose to $6.4 million from $5.8 million in the same period the prior year; however, the company commented that this was impacted largely by expenses associated with acquired companies and additional investments related to future growth.

The company raised its full year 2007 guidance to $155 million to $162 million in revenue and offered a preliminary outlook for 2008 of $215 million to $225 million in revenue.