Increased maintenance and service revenues helped medical imaging software developer MeVis Medical Solutions to a 15% increase in revenues in the first half of 2010. But increased depreciation and amortization costs weighed on profitability for the Bremen, Germany-based firm.
For the period (end-June 30), MeVis had sales of 7.3 million euros ($9.2 million U.S.), up 15% from the 6.4 million euros ($8.1 million U.S.) reported last year. However, increased scheduled depreciation and amortization of capitalized development costs contributed to a consolidated net loss of 652,000 euros ($826,000 U.S.), compared with consolidated net income of 160,000 euros ($203,000 U.S.) during the same six months in 2009.
Related Reading
MeVis increases stake in Medis, June 2, 2010
MeVis adds to revenues in Q1, May 19, 2010
MeVis notches positive 2009 numbers, April 26, 2010
MeVis buys stake in Medis, January 22, 2010
MeVis acquires Hologic/R2's CT division, April 11, 2008
Copyright © 2010 AuntMinnie.com
