On Thursday, Merge Healthcare Inc. (NASDAQ:MRGE)’s shares showed no change to $7.10.
Merge Healthcare Incorporated (MRGE), a leading provider of health information systems for medical imaging, interoperability, and communication, declared its financial and business results for the second quarter of 2015.
Financial Summary:
- GAAP net sales raised 22% to $65.6 million in the second quarter of 2015 contrast to $53.8 million in the second quarter of 2014;
- GAAP net income in the second quarter of 2015 was $2.0 million (or $0.01 per share) contrast to a loss of $4.0 million (or ($0.04) per share) in the second quarter of 2014 (which comprised of a $4.8 million debt refinancing charge);
- Adjusted net income raised 132% to $10.2 million (or $0.09 per share) in the second quarter of 2015 contrast to $4.4 million (or $0.05 per share) in the second quarter of 2014;
- Adjusted EBITDA was $16.7 million (or 25% of GAAP net sales) in the second quarter of 2015 contrast to $11.2 million (or 21% of GAAP net sales) in the second quarter of 2014; and
- Cash balances reduced to $20.6 million as of June 30, 2015, contrast to $23.9 million as of June 30, 2014, a decrease of 14%, primarily as a result of about $20 million of cash expended in 2015 to acquire D.R. Systems, Inc.
Merge Healthcare Incorporated develops software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians worldwide. It operates in two segments, Merge Healthcare and Merge DNA. The company provides iConnect Enterprise Archive and iConnect Access Enterprise Viewer, an interoperability and connectivity platform for imaging and diagnostic data access; iConnect Network to electronically manage in-bound medical imaging referrals and distribution of results to referring physicians; iConnect Cloud Archive, a cloud-based and multi-tenant image archive that provides disaster recovery/business continuity services; and iConnect Retinal Screening, a software solution for the screening of chronic visual diseases.
Triumph Group Inc (NYSE:TGI)’s shares dropped -0.02% to $47.50.
Triumph Group, Inc. (TGI) declared that its partner, Triumph Aviation Services Asia, Ltd., has signed a five year contract with Airbus S.A.S. to provide inspection, test, repair and modification of Airbus Proprietary Parts (APP) for the A320 and A330/340 programs. For the duration of the long term contract, the company will provide maintenance and repair services of rudders, elevators, wing sharklets, flaps, slats and other aircraft structures subcontracted by Airbus or received directly from Asia Pacific customers based on a collaborative marketing model.
Richard C. Ill, Triumph’s President and Chief Executive Officer, said, “This award is an important win for Triumph, strengthening our long term relationship with Airbus and building our presence in the structural component MRO market. We are excited about our partnership with Airbus and their growing presence in the Asia Pacific region and look forward to supporting this program for many years to come.”
Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. Its Aerostructures Group segment designs, manufactures, builds, and repairs acoustic and thermal insulation systems, aircraft wings, composite and metal bonding, composite ducts and floor panels, empennages, engine nacelles, flight control surfaces, helicopter cabins, precision machined parts, stretch-formed leading edges and fuselage skins, and wing spars and stringers.
At the end of Thursday’s trade, Capstead Mortgage Corporation (NYSE:CMO)‘s shares dipped -0.49% to $10.19.
Capstead Mortgage Corporation (NYSE: CMO) declared financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Generated earnings of $24.9 million or $0.22 per diluted common share.
- Paid common dividend of $0.31 per common share.
- Book value reduced 1.4%, or $0.17 to $12.30 per common share.
- Financing spreads on residential mortgage investments reduced 27 basis points to 0.84%.
- Mortgage prepayments raised to an annualized constant prepayment rate, or CPR, of 21.98% from 16.66% CPR stated for the first quarter of 2015.
- Agency-guaranteed ARM portfolio and leverage ended the quarter at $14.16 billion and 8.76 times long-term investment capital, respectively.
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities comprising of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises or by an agency of the federal government.
Mack Cali Realty Corp (NYSE:CLI), ended its Thursday’s trading session with 1.76% gain, and closed at $19.08.
Mack-Cali Realty Corporation (CLI) declared that Brown Brothers Harriman (BBH) has signed a new 11-year lease for 114,798 square feet at the Company’s Harborside Plaza 5 in Jersey City, New Jersey.
Moving within the Jersey City Waterfront market, BBH will transfer over 500 employees to their new location. Harborside Plaza 5 is a 977,225-square-foot, class A office tower located in the heart of Jersey City. The building features landscaped outdoor seating areas, restaurants, and breathtaking, panoramic views of the Manhattan skyline and New York Harbor. This premier asset is presently 99 percent leased.
Harborside, a highly successful waterfront complex, is being transformed into a next generation, interconnected, 24/7 mixed-use destination. Its inspirational working places and future aspirational living spaces—featuring a grand atrium, on-site Hyatt Regency, immediate access to the PATH station and light rail, in addition to an incredible outdoor esplanade—provide tenants with a cutting-edge location for their business.
Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, administration, acquisition, development, and construction of commercial real estate properties in the United States. The firm invests in the real estate markets of the United States primarily in the northeastern United States, in addition to in the District of Columbia.
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