Neoforma, San Jose, Calif., reported revenue of $11.1 million in the year ended Dec. 31, 2003 -- up steeply from $4.3 million in revenue in 2002. But the e-commerce company continued to lose money, recording a deficit of $66.4 million, or $3.66 per share, in 2003, compared with a loss of $82.2 million, or $4.90 per share, in 2002. The company also reported that it exited the year debt-free and contracted with 119 new hospitals and 78 new suppliers to participate in its online marketplace. For the fourth quarter, Neoforma lost $16.8 million, or 90 cents per share, on revenue of $3 million. That compares with a loss of $21.5 million, or $1.25 per share, on revenue of $1.6 million in the year-ago period. Neoforma is the e-commerce partner of group purchasing giant Novation. -- by Cinda Becker
Neoforma's revenue grows but losses continue
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