Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=12041 IMNET Systems, Inc. announces second quarter fiscal year 1997 financial results ATLANTA--(BUSINESS WIRE)--Jan. 22, 1997-- Imnet Systems Inc today announced second quarter fiscal 1997 financial results. Revenue for the quarter was $11.1 million, a 76% increase over second quarter fiscal 1996 revenue of $6.3 million. The revenue increase was comprised of a 60% increase in system sales and a 189% increase in maintenance and professional services. The Company reported second quarter earnings of $1.7 million or $0.17 per share, compared to earnings exclusive of non-recurring charges in the second quarter of fiscal 1996 of $198,000 or $0.02 per share. For the first six months of fiscal 1997, revenue was $20.8 million, up 93% from $10.8 million in the prior year. Excluding non-recurring charges, the Company reported earnings of $3.1 million or $0.31 per share for the first six months of fiscal 1997, compared to earnings of $454,000 or $0.06 per share for the same period prior year. The Company received a record $17.4 million in new orders in the second quarter of fiscal 1997. The record order activity marks the fourth consecutive quarter in which the Company has posted record new orders. The backlog of signed contracts for systems and services not yet delivered was $34.0 million at the end of the second quarter of fiscal 1997, a 67% increase over the second quarter fiscal 1996 backlog of $20.3 million. On a consecutive quarter basis, the backlog increased $6.3 million, or 23%, from the first quarter fiscal 1997 backlog of $27.7 million. IMNET Systems, Inc. develops and markets electronic healthcare information and document management systems that capture, index, store and retrieve financial information, clinical information and medical images resident on most storage media. IMNET's Electronic Information Warehouse(TM), which supplies the missing link for the implementation of the Electronic Medical Record, is a true enterprise-wide solution that integrates with software from most leading Healthcare Information Systems providers. Note regarding Private Securities Litigation Reform Act: Statements made by IMNET which are not historical facts, including projections, statements of plans, objectives, expectations, or future economic performance, are forward looking statements that involve risks and uncertainties and are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. IMNET's future financial performance could differ significantly from that set forth herein, and from the expectations of management. Important factors that could cause IMNET's financial performance to differ materially from past results and from those expressed in any forward looking statements include, without limitation, its limited operating history, lack of profitable operations, variability in quarterly operating results, customer concentration, product acceptance, a long sales and delivery cycle, dependence on business partners, ability...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=1204138013210