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Imaging company reports slight revenue increase.
2004 MAR 4 - (NewsRx.com & NewsRx.net) -- Hologic, Inc., (HOLX), a provider of women's diagnostic imaging systems and state-of-the-art digital imaging systems, announced its results for the quarter ended December 27, 2003.
First-quarter fiscal 2004 revenues totaled $49,882,000, a 2% increase when compared to revenues of $49,002,000 in the first quarter of fiscal 2003. For the first quarter of fiscal 2004, Hologic reported net income of $1,040,000, or $.05 per diluted share, compared with a net loss of $1,081,000, or $.06 per diluted share, in the first quarter of fiscal 2003.
The improvement in earnings reflects in large part the continued shift in product sales to the higher margin digital mammography systems (Selenia) combined with decreasing expenses associated with planned reductions in the company's general radiography systems business. As expected, the company fully absorbed in the current quarter the entire expenses of approximately $1.6 million associated with its exhibit at the Radiological Society of North America medical imaging trade show held in December 2003 which was up slightly from the $1.5 million spent in the first quarter of 2003.
During the quarter, Hologic installed, and recognized as revenue, 27 Selenia full-field digital mammography systems. At December 27, 2003, the company's backlog for orders of Selenia had increased to 74 systems. For the first quarter, total backlog for ...
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