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NovaMed Eyecare

NovaMed Reports 31% Increase in Total Net Revenue

Published in Lab Law Weekly, May 25th, 2007

NovaMed, Inc. (Nasdaq: NOVA) today reported results for the first quarter ended March 31, 2007. First quarter continuing operations highlights were:

Surgical facilities net revenue increased 40% to $25,095,000

Total net revenue increased 31% to $31,386,000

Operating income increased 51% to $7,185,000

Net income was $1,492,000, or $0.06 per diluted share

Same-facility net revenue growth of 10%

For the first quarter ended March 31, 2007, total net revenue was $31,386,000, up 31% from $23,916,000 in the prior year first quarter. Net revenue from surgical facilities was...

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