AMICAS (AMCS) Misses Q3 EPS by 2c, Guides Below for FY; Approve $5 Million Stock Buyback Plan

November 3, 2008 5:03 PM EST

AMICAS, Inc. (Nasdaq: AMCS) reports a Q3 loss of $0.02, 2 cents worse than estimates. Total revenues for the third quarter of 2008 were $12.3 million vs. $13.31 million consensus.

AMICAS continues to expect 2008 bookings growth of 10 to 20 percent. Bookings are defined as contractual commitments from customers for licenses, services, hardware, and maintenance/support.

AMICAS now expects 2008 revenues to be between $50.5 million and $51.5 million and pro-forma EBITDA between $(0.5) million and $0.2 million. This is consistent with a net loss of between $3.5 million and $2.8 million or $(0.09) and $(0.07) per share. (FY08 revenue consensus is $53.27 million, FY EPS consensus is $0.02 loss)

AMICAS' Board of Directors has authorized the repurchase of up to $5 million of the company's common stock from time to time in open market or through negotiated or block transactions in accordance with applicable SEC guidelines and regulations.[SM]

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Earnings
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