Strong demand for its ultrasound image enhancement technology drove a 19% sales gain for image enhancement developer ContextVision in its fourth quarter.
For the period (end-December 31), the company had revenues of 20.5 million Swedish kronor (2.4 million euros), compared with revenues of 17.2 million Swedish kronor (2 million euros) in the fourth quarter of 2011. ContextVision had a net operating result of 1.6 million Swedish kronor (190,000 euros), compared with 1.4 million Swedish kronor (170,000 euros) a year ago.
For 2012, ContextVision had record revenues of 67.1 million Swedish kronor (8 million euros), up 14.9% from the 58.4 million Swedish kronor (6.93 million euros) recorded in 2011. Legal expenses and one-time personnel costs hurt profitability, however, as operating result dropped from 4.7 million Swedish kronor (560,000 euros) in 2011 to 600,000 Swedish kronor (71,000 euros) in 2012.
