WWW - Posts tagged VirtualRadiologic at BloggingStocks

VirtualRadiologic posts

Virtual Radiologic feels the pain

Posted Jan 29th 2009 11:30AM by Tom Taulli (RSS feed)
Filed under: Earnings Reports, Technology

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.

Continue reading Virtual Radiologic feels the pain

Virtual Radiologic's real results

Posted Apr 29th 2008 4:44PM by Tom Taulli (RSS feed)
Filed under: Earnings Reports

Virtual Radiologic (NASDAQ: VRAD), which had an IPO last year, is a New Age medical company. That is, it operates a sophisticated network that allows for remote interpretation of CT scans, ultrasounds, and MRIs. In other words, a radiologist can work from his or her own home – and still make big bucks.

This week, Virtual Radiologic announced its Q1 results. Revenues increased 29% to $23.3 million and EBITDA was up 60% to $4 million.

And to continue its growth, Virtual Radiologic recently acquired Diagna Radiology, LLC, for $6 million. The firm has 44 customers in 17 states. What's more, Diagna has a strong platform for analysis on final reads, which could be a nice up-sell opportunity for Virtual Radiologic customers.

Continue reading Virtual Radiologic's real results