Boston-based Amicas, which makes medical imaging software and services, reported $35 million in cash from investment activities during the three-month period ended March 31, a nearly five-fold increase from just under $8 million the company reported for the same period last year.
The company finished the quarter with $44 million in cash and equivalents, compared to $13 million for the 2008 first quarter.
Amicas finalized its deal for Birmingham, Ala.-based Emageon April 3 for $1.82 a share.
Company officials forecast sales of $112 million to $120 million in 2010, which would be more than double the $50.4 million in revenues Amicas posted last year.
For the first quarter, the company booked $11.3 million, down 11 percent from $12.8 million during the same period last year. Its net losses widened to nearly $1.2 million, compared to $467,000 during the first quarter of 2008.