Topic: How To Invest

Any thoughts on Nightingale Informatrix?

Article Excerpt

Nightingale Informatrix Corp., $0.24, symbol NGH on Toronto (Shares outstanding: 78.0 million; Market cap: $18.7 million), specializes in converting patient medical records from paper to electronic format. That helps clinics and hospitals reduce errors and cut administrative costs. Nightingale began trading on Toronto on September 1, 2005, at $0.355 a share. The company gets 65% of its revenue from the U.S. Canada accounts for the remaining 35%. In its third quarter, which ended on December 31, 2009, Nightingale’s revenue fell 4.5%, to $4.4 million from $4.6 million a year earlier. That’s mainly because the company is losing customers at its transcription business, whose software translates speech into electronic format. The higher Canadian dollar also hurt the contribution of its U.S. operations. Nightingale lost $349,950, or nil per share, during the quarter. That’s an improvement over the $876,092, or $0.01 a share, it lost a year earlier. Despite the lower revenue, Nightingale has been selling more high-margin products. That was the main reason…