Rhea-AI Summary
Digirad Corporation (Nasdaq: DRAD; DRADP) reported its Q2 2020 and 6M financial results, showing a 13.4% decrease in total revenue to $22.3 million compared to Q2 2019. The net loss from continuing operations was $1.3 million, improved from a loss of $1.5 million a year prior. While 6M 2020 revenue increased to $51.2 million, gross profit declined to $4.0 million, impacted significantly by the COVID-19 pandemic. The company reported a non-GAAP adjusted EBITDA of $1.8 million in Q2 2020. Cash and cash equivalents stood at $9.3 million, while net debt rose to $16.5 million.
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6.77%
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