Revenue during the quarter surged 99.86 percent to $31.13 million from $15.58 million in the previous year period. Gross margin for the quarter contracted 236 basis points over the previous year period to 27.76 percent. Total expenses were 95.26 percent of quarterly revenues, down from 96.80 percent for the same period last year. This has led to an improvement of 155 basis points in operating margin to 4.74 percent.

Operating income for the quarter was $1.48 million, compared with $0.50 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $5.38 million compared with $2.11 million in the prior year period. At the same time, adjusted EBITDA margin improved 376 basis points in the quarter to 17.28 percent from 13.53 percent in the last year period.

Digirad President and CEO Matt Molchan said, "We are very pleased with our results for the quarter, where we experienced exceptional product sales performance, as well as great performance from our service businesses, capping off a transformational year for Digirad." Molchan continued, "I am also pleased to report we have completed all of our operational integration activities related to the DMS Health acquisition, and will now be focusing our efforts on leveraging our combined resources as we move forward. Additionally, since entering our credit facility at the beginning of the year, we have paid down $11.7 million of the initial balance, including three extra principal payments. We continue to generate significant cash flow to maintain our stable dividend, fund organic growth and pursue accretive acquisitions."