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Virtual Radiologic (NASDAQ: VRAD) is an interesting company. It allows physicians to remotely interpret x-rays, CTs and MRIs. The company has 620 clients and supports about 1,025 medical facilities.This week, Virtual Radiologic reported its Q4 numbers. Revenues increased 23% to $28.3 million and adjusted net income was $2 million. In all, the company has about $29.3 million in the bank.
All in all, it's been a busy year for Virtual Radiologic. The company made its first acquisition deal as well as secured several customers overseas.
However, Virtual Radiologic is feeling the impact from the slowing economy. Essentially, people are trying to find ways to delay hospital visits.
Then again, this can only last for so long. In other words, there is likely to be a pick-up in business in the current year.
Yet, the key with VirtualRadiologic is the long-term potential for growth. The aging population should be a source of demand. At the same time, the shortage of qualified radiologists is likely to continue for some time. Both of these trends should be good news for investors looking at the long haul.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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