IMRIS, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company's sales were $10,226,000 against $17,235,000 a year ago. Adjusted negative EBITDA was $6,260,000 against $2,728,000 a year ago. Operating loss was $7,707,000 against $4,073,000 a year ago. Net loss was $8,203,000 or $0.16 basic and diluted per share against $4,282,000 or $0.09 basic and diluted per share a year ago.

For the six months, the company's sales were $18,292,000 against $20,728,000 a year ago. Adjusted negative EBITDA was $12,632,000 against $9,950,000 a year ago. Operating loss was $15,481,000 against $12,618,000 a year ago. Net loss was $16,581,000 or $0.34 basic and diluted per share against $12,632,000 or $0.28 basic and diluted per share a year ago.

For 2013, the company expects improved order bookings in the 2013 second half compared to the 2013 first half, with the strongest performance coming from the North American and the Asia-Pacific markets. Annual revenues, comprised of both systems and service, are expected to be in the range of $50 million. The company expects 2013 third quarter revenues to be in the $18 million range. Total capital expenditures for 2013 are expected to be in the range of $6 million to $8 million.

Similar to prior years, the company anticipates that the strongest quarterly revenue performance will occur in the second half the year 2013.

In addition, the board of directors has elected Steven Armstrong, Executive Vice-President and CFO of Patterson Companies Inc. and Jay D. Miller, President and CEO of IMRIS Inc., to the Board effective August 14, 2013. Mr. Armstrong joined Patterson, a $3.6 billion global dental products and services company, in 1999, which is publicly traded on the NASDAQ Exchange. Mr. Armstrong started his career at Ernst and Young LLP in 1973, and became an audit partner in his 26 year tenure at the firm serving primarily publicly traded national and multinational clients. Mr. Armstrong is also a Board member of Delphax Technologies and is chair of the Audit Committee. With the appointment of Mr. Armstrong, Mr. David Leslie, Chair of the Audit Committee of the IMRIS Inc. will be retiring from the Board effective August 14, 2013.