icad inc (ICAD) Snapshot

On May 20, 2013, iCAD, Inc. adjourned its annual meeting to provide its stockholders additional time to vote on proposal 2, which related to the amendment to its certificate of incorporation. The charter amendment requires the affirmative vote of the holders of a majority of all shares outstanding for adoption. On May 31, 2013, the Company reconvened its 2013 annual meeting of stockholders. The Certificate of Incorporation of the Corporation is hereby amended by striking out the first sentence of Article FOURTH thereof and by substituting in lieu thereof a new first sentence reading as follows: FOURTH: The total number of shares of capital stock which the Corporation shall have authority to issue is Twenty One Million (21,000,000), of which Twenty Million (20,000,000) shares shall be Common Stock, par value $0.01 per share (Common Stock), and One Million (1,000,000) shares shall be Preferred Stock, par value $0.01 per share (Preferred Stock). That such amendment has been duly adopted in accordance with the provisions of the General Corporation Law of the State of Delaware by the affirmative vote of the holders of a majority of the stock entitled to vote at a meeting of stockholders.

iCAD, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of USD 7.930 million compared to USD 6.343 million a year ago. Loss from operations was USD 0.328 million compared to USD 2.026 million a year ago. Loss before income tax expense was USD 0.717 million compared to USD 2.253 million a year ago. Net loss and comprehensive loss was USD 0.727 million compared to USD 2.264 million a year ago. Basic and diluted loss per share was USD 0.07 compared to USD 0.21 a year ago. Non GAAP adjusted EBITDA was USD 0.592 million compared to non GAAP adjusted LBITDA of USD 0.967 million a year ago. Non GAAP adjusted net loss was USD 1.158 million compared to USD 2.783 million a year ago. Non GAAP adjusted net loss per share was USD 0.11 compared to USD 0.26 a year ago.

iCAD, Inc. Presents at 12th Annual Needham Healthcare Conference, Apr-30-2013 12:10 PM. Venue: The Westin Grand Central Hotel, 212 East 42nd Street, New York, New York, United States. Speakers: Kenneth M. Ferry, Chief Executive Officer, President and Director.