View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
April 7, 2009

InfoLogix revenue up 15% in Q4

Posts a net loss of $9.1m

By CBR Staff Writer

InfoLogix, a technology provider of enterprise mobility services for the healthcare and commercial industries, has reported a net loss of $9.1m, or $0.36 per share, for the fourth quarter ended December 30, 2008, compared with a net loss of $1.3m, or $0.05 per share, for the same period of 2007.

Net revenues for the fourth quarter were $26.8m, an increase of 15%, compared to $23.3m for the same period of 2007.

The company has reported a net loss of $13.2m, or $0.52 per basic and diluted share, for the year ended December 31, 2008, compared to a net loss of $3.2m, or $0.13 per basic and diluted share, for the same period of 2007.

Net revenues for the year ended December 31, 2008 were $100.7m, compared to $78.8m in 2007, an increase of $21.9m or 28%.

David Gulian, president and CEO of InfoLogix, said: InfoLogix made great strides in 2008 to continue the transition of its business model focused on the sale of software, consulting, and professional services, and we finished the year with 30% of our revenues driven by these higher margin sales. Although we experienced a net loss in 2008, we realized strong revenue growth in a tough economic environment, and the companies we acquired achieved accelerated revenue growth as a result of our integrated sales force, complementary products, and strong customer relationships.

Content from our partners
Technology and innovation can drive post-pandemic recovery for logistics sector
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU