Digirad Corporation Reports Financial Results for the First Quarter Ended March 31, 2020
DIGIRAD (DRAD)
Last digirad earnings: 11/3 06:00 am
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US:NASDAQ Investor Relations:
drad.client.shareholder.com
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Source: GlobeNewswire
SUWANEE, Ga., May 15, 2020 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq: DRAD; DRADP) (“Digirad” or the “Company”) reported today its financial results for the first quarter (Q1) ended March 31, 2020. Q1 2020 Financial Highlights vs. Q1 2019 * Total revenue increased to $28.9 million from $23.9 millionGross profit increased to $4.4 million from $4.0 millionNet loss was $3.0 million compared to a net loss of $1.7 millionNon-GAAP adjusted EBITDA from continuing operations decreased to $0.5 million from $0.8 millionNon-GAAP free cash flow of $0.6 million versus $(2.1) million * Since September 10, 2019, Digirad has been operating as a diversified holding company (“HoldCo”) with three business divisions: Healthcare, Building & Construction, and Real Estate & Investments. Digirad’s Q1 2020 results include financial and operational data of the two newly created divisions - Building & Construction and Real Estate & Investments. No operational or financial data was recorded in the 201
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