Posted on Wed, Mar. 12, 2008
Hatboro-based InfoLogix Inc. said today that its fourth quarter revenues rose by nearly 40 percent, reaching $23.3 million, up from $16.7 million in the same period last year, and that the firm expects to be profitable this year and top $100 million in revenues.
The firm, which provides mobile technology for health care, lost $1.2 million in the fourth quarter, compared to $2.5 million in 2006's last quarter. InfoLogix also had losses of $3.2 million in 2007 on revenues of $78.7 million. This compares to a 2006 loss of $1.8 million on revenues of $62.1 million.
Shares were unchanged at $1.90 in midday trading.
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