VirtualScopics

VirtualScopics is a global imaging core lab with proven medical, imaging, operational and project management capabilities for clinical trials. Medical and scientific expertise, operational flexibility and responsiveness are hallmarks of our daily work and collaborative approach. We are a dynamic organization in a growing industry with some of the best and brightest people. We collaborate to optimize imaging solutions, and provide quantitative imaging data that helps detect disease progression faster and identify therapeutic benefits sooner. Our innovative solutions are used in clinical trials around the globe. At VirtualScopics, it is not just what we do that is important — it is our collaborative approach that separates us from the competition. In addition to working for our sponsors, we work with them to solve problems and create solutions. Our philosophy, focused around harmonious partnerships and delivering highly reproducible imaging analysis, is helping us grow and accomplish bigger and better things every year.
Type
Subsidiary
Parent Company
BioTelemetry
HQ
Rochester, US
Founded
2000
VirtualScopics was founded in 2000 and is headquartered in Rochester, US

Key People at VirtualScopics

Jonathan Riek

Jonathan Riek

CTO

VirtualScopics Office Locations

VirtualScopics has offices in Rochester, New Hope and Vienna
Rochester, US (HQ)
500 Linden Oaks
New Hope, US
220 Union Square Dr

VirtualScopics Data and Metrics

VirtualScopics Summary

Founding Date

2000

Total Funding

$3 m
VirtualScopics is a subsidiary of BioTelemetry

VirtualScopics Financial Metrics

USDFY, 2013FY, 2014FY, 2015

Cash

7.3 m4 m2.4 m

Accounts Receivable

2.6 m

Inventories

397.7 k410.2 k480 k

Current Assets

9.5 m6.3 m5.5 m

PP&E

221.7 k330.9 k542.5 k

Total Assets

11 m7.8 m7.1 m

Accounts Payable

846.1 k1.3 m996.4 k

Dividends Payable

293.3 k335.3 k

Current Liabilities

2.7 m3 m3 m

Additional Paid-in Capital

22 m22 m22 m

Retained Earnings

(13.7 m)(17.1 m)(18.2 m)

Total Equity

8.3 m4.8 m3.8 m

Financial Leverage

1.3 x1.6 x1.9 x
USDFY, 2013FY, 2014FY, 2015

Net Income

(2.7 m)(3.4 m)(1 m)

Depreciation and Amortization

366.5 k314.2 k414.1 k

Accounts Receivable

37.4 k(89.1 k)(792.1 k)

Accounts Payable

(10.7 k)443 k(292.7 k)

Cash From Operating Activities

(1.1 m)(2.9 m)(1.3 m)

Purchases of PP&E

(78.2 k)(285.5 k)(222.2 k)

Cash From Investing Activities

(67.3 k)(300.8 k)(245.3 k)

Cash From Financing Activities

(126 k)(31.4 k)

VirtualScopics Company Life and Culture

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