AMSI is a provider of clinically-based decision support information systems to the healthcare industry. AMSI offers customers a line of outcomes-based products and services. For the three months ended 3/98 revenues rose 13% to $3.5 million. Net loss fell from $3.2 million to $5 thousand. Revenues reflect increases in the volume of the Health Outcomes Research services. Lower loss also reflects the absence of a $1.1 million write-off of acquired in-process research and development.
52 week high 6.625
52 week low .938
shares out 7.28 M
float 2.9 M
average volume 17.6K
10Q from May 14: sec.yahoo.com
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Excerpts:
Revenue for the quarter ended March 31, 1998 increased 13% to $3.5 million from $3.1 million in the prior year
Cost of systems and related products for the quarter ended March 31, 1998 decreased 71% to $168,000 from $574,000 in the prior year period.
Cost of professional services for the quarter ended March 31, 1998 decreased 36% to $532,000 from $829,000 in the prior year period.
Selling, general and administrative expenses for the quarter ended March 31, 1998 decreased 27% to $2.3 million from $3.1 million in the prior year period.
Research and development expenses for the quarter ended March 31, 1998 decreased 36% to $428,000 from $671,000 in the prior year period.
Cash and short-term investments were $10.1 million as of March 31, 1998 compared to $11.3 million as of December 31, 1997. The Company anticipates that remaining net proceeds from the initial public offering and funds generated from operations will be sufficient to meet its planned ongoing working capital requirements and to finance planned product development, sales and marketing activities and capital acquisitions for the next twelve months.
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