Healthcare Coverage

Healthaxis announces Q1 revenues of $3.9 million, down slightly from Q1 2005

Published in Medicine and Law Weekly, June 9th, 2006

Healthaxis, Inc., (HAXS), reported financial results for the 3-month period ending March 31, 2006 with revenues of $3.9 million, down slightly from $4.1 million in the first-quarter 2005.

This decline resulted principally from lower professional services revenue as most billable professional services for the 3 months ended March 31, 2006 were recorded as deferred revenue tied to client implementation.

Revenues were almost $200,000 higher (5.2%) than the fourth quarter of 2005 as transaction and license fees increased from new business. The new business revenue resulted from both the expansion of existing customers and from new customer...

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Source: Medicine and Law Weekly (2006-06-09)

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