Digirad Reports Financial Results For The First Quarter Ended March 31, 2017

SUWANEE, Ga., April 28, 2017 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq:DRAD) today reported its financial results for the first quarter ended March 31, 2017.

Total revenues for the first quarter were $29.1 million, compared to $31.2 million in the first quarter of the prior year.

Net loss for the first quarter was $2.1 million, or $0.10 net loss per diluted share, compared to net income of $11.6 million, or $0.58 net income per diluted share in the same period in the prior year. Non-GAAP adjusted net loss for the first quarter was $0.2 million, or $0.01 adjusted net loss per diluted share, compared to adjusted net income of $1.3 million, or $0.07 adjusted net income per diluted share in the same period in the prior year. Non-GAAP adjusted EBITDA for the first quarter was $1.8 million, compared to $3.7 million in the same period in the prior year.

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