Hologic announces increased first-quarter revenues.(Brief Article)(Statistical Data Included)

1902 MAR 28 - (NewsRx.com & NewsRx.net) -- Hologic, Inc., (HOLX) a provider of medical-imaging equipment for women's health and digital radiographic purposes, announced that, for the first quarter of 2002 (ended December 29, 2001),revenues totaled $47,143,000, a 6% increase compared with revenues of $44,551,000 in the first quarter of fiscal 2001.

The company reported a net loss of $1,573,000, or $.10 per diluted share, compared with a net loss of $6,765,000, or $.44 per diluted share, for the corresponding quarter ended December 30, 2000

For the first quarter, Hologic's EBITDA was approximately $1,246,000, or $.07 per diluted share.

Included in the fiscal 2002 three month operating results are certain restructuring costs of approximately $1,575,000 for severance related expenses resulting from the closure of the Hologic Systems Division manufacturing facility in Littleton, Massachusetts and additional reductions of the company's workforce in Europe and at Lorad. Absent these restructuring costs, Hologic would have reported net income of approximately $2000 for the quarter ended December 29, 2001.

First quarter fiscal 2002 revenues increased approximately $1,881,000 (4%) to $47,143,000, when compared with the immediately preceding quarter, due to an increase in sales of Hologic's digital systems and arrays (70%), which were partially offset by a decline in sales of the conventional general radiography products being phased out (13%) as part of the closing of the Littleton manufacturing facility. Hologic's other businesses of bone assessment, mammography and mini c-arms increased 1% when compared with the immediately preceding quarter.

"We are encouraged with our overall results this quarter, especially the ...