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Digirad Corporation reported that it generated net income and continued generating positive cash flow and improved its total cash and investments position to $31.8 million.

Digirad Corporation reported that it generated net income and continued generating positive cash flow. The Company improved its total cash and investments position to $31.8 million at December 31, 2009, despite lower sales, from $28.3 million at December 31, 2008.

Digirad CEO Todd Clyde said, "We are pleased to have met each of our 2009 operating and strategic goals, while maintaining our overarching mandate of making progress towards consistent positive cash flow and profitability. Specifically, we streamlined our hub system in our Digirad Imaging Solutions business; launched our new Cardius X-ACT attenuation correction camera that increases interpretive ease and accuracy; began selling c.pax, our new web-based structured reporting and picture archiving and communication system ( PACS ); and, refined our Centers of Influence program. We met the challenge of an uncertain healthcare environment with a $7.7 million positive swing in operating profits from 2008, generating more than $4.8 million in cash flow from operations, and achieving positive net income for the year."

Source: Digirad

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