Digirad Corporation Reports First Quarter Financial Results

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SUWANEE, Ga., May 1, 2014 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq:DRAD) today reported total revenues for the first quarter 2014 of $13.0 million, an increase of 13 percent compared to the prior year's first quarter. The GAAP loss for the 2014 first quarter, which included $0.4 million of one-time lease termination charges and approximately $0.2 million in transaction costs related to the purchase of Telerhythmics, was $0.1 million, or $0.01 per diluted share. Included within the results are the operations of Telerhythmics, LLC, which contributed approximately $255,000 to total revenue since being acquired by Digirad on March 13, 2014.

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