Wednesday, March 8, 2006

Quovadx Reports Results

Greenwood Village, Colorado-based Quovadx reported its fourth quarter and 2005 results yesterday, reporting that it had earnings of $0.4M on revenues of $21.6M in Q4, reversing the company's loss of $1.7M in the third quarter. For the year, the company had a net loss of $2.9M on revenues of $83.1M. The company attributed its revenue grwoth in the fourth quarter to new customers and strong sales. Quovadx provides software for the health care management field, including care management software and application development software.