iCAD reports another quarterly loss

But revenues have been climbing so far this year
Bob Sanders,

Nashua-based iCAD Inc. is reporting another quarterly loss – this time $589,000, or 5 cents a share.

However the company, which uses radiation to both detect and treat cancer, emphasized that year-to-date revenue is up 17 percent, despite it being relatively flat during the third quarter. It also said quarterly losses were nearly a third of what they were during the same quarter last year, and more than half what they were for the first three quarters of 2012.

The company total revenue was $8.3 million for the quarter ending Sept. 30, a little more than $100,000 more than the third quarter of 2012. This is primarily because of 14 percent increase in cancer detection revenue, the company legacy business.

That was offset, however, by a 10 percent decline in revenue from iCAD’s cancer treatment technology, added when it acquired Xoft in 2010.

Year to date, the company has reported it’s in the red by $3.2 million, or 30 cents a share, for the first three quarters of the year.

Categories: News, Technology

More news from NHBR:

Nhopinions
Opinion

(Opinion) Novus Public Affairs’ 30-year anniversary: Paul Young’s meaningful mark on NH

For nearly six decades, Paul Young has been a constant, if often understated, presence in public and government affairs, both in New Hampshire and beyond. Since founding Novus Public Affairs in 1996, Young has helped shape how businesses, nonprofits and political leaders communicate and connect with the world around them, leaving a mark on the state that is hard to measure but easy to feel.