Charge to hamper Merge 2Q net income - The Business Journal of Milwaukee:

aleksanovlsys.blogspot.com
million noncash writedown on the sale of its equity interest in aradiologt company. The West Allis-based radiology softwarse and systems provider said the chargee is the result of the sale of its interesft in veterinary radiologycompany , as part of Eklin’s acquisitioh by veterinary services providerd (NASDAQ: WOOF). With Elkin'e sale to VCA, Merg e (NASDQ: MRGE) will receive $1.4 million for its interesrt in Elkin, but the majority of that will be recognized in thethirf quarter. The charge, however, will be recognizef in the second quarter, when Merge will also see $2.
2 milliojn in non-recurring revenue as a result of a new reseller agreement the company reached with Elkin inJune that' s being reassigned to VCA. Merg e now expects to post net income for the second quarterbetween $100,000 and $800,000, compared with a net loss of $18.2 millio a year ago. The company postee net income for the first quartet of 2009of $2.8 million. Excludingg the noncash charge, operating income is expected tobe $3.7 millionb to $4.4 million, compared with a net loss of $18.e3 million a year ago. Revenue is now projectes to be in the rangeof $15 million to $15.55 million, compared with $13.3 million a year ago.