2014 Second Quarter Highlights
Gross revenues for the second quarter were higher by 66 percent to
Sales and marketing, general and administrative, production and manufacturing and research and development expenses were lower by 28 percent to
Net loss for the quarter ended
Dr. Sidong Huang, President and CEO of the Company stated: "I would like to express my appreciation to the management team and Board of Directors of IDC as well as all Company employees who have worked hard to generate increased sales activity and for the improved operating results for the last two quarters. The Company's sales and marketing efforts have been successful in increasing sales from IDC's existing customers. In addition, the Company is developing relationships with potential distribution partners. The Company is also in the process of developing of new product lines that it hopes to be registered and introduced into the marketplace later in 2014. IDC's plans for the dental segment are progressing and is expected to add to the Company's revenues in the coming periods.
New Addition to the Senior Executive Team
The Company is pleased to announce that
IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology.
The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients.
Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as:
The Company has its corporate office in
Visit the IDC web site: www.imagingdynamics.com
Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- E-scrap Recyclers Find Profits in Upgrades
- Congress Casts a Coy Vote on ISIS War
- 'The Voice' Sounds Different This Season
- At Groupon, Not a Good Deal of Workplace Diversity
- Lower Used-Car Prices Roil the Auto Industry
- Porn Lovers Get a New Search Engine
- Liberty Power Helps USHCC Go Green
- Utah Hosts US Hispanic Chamber of Commerce Meeting
- NSHMBA to Rebrand With New Name, Logo