Digital x-ray and mammography provider Hologic reported fiscal first-quarter revenues of $48.9 million, up 3% from the $47.5 million posted in the same quarter last year. For the period (end-December 28, 2002), the Bedford, MA-based firm had a net loss of $912,000, compared with a net loss of $1.5 million in the 2002 fiscal first quarter.
Hologic president and CEO Jack Cumming said that although the bottom-line results for the quarter are disappointing, the company's core businesses of osteoporosis assessment, mammography, and mini C-arms continues to meet expectations. He added that the net loss in the digital imaging segment could have been avoided if certain customer sites had been completed earlier, and certain suppliers had performed better in their shipment of shipping key components.
Cumming said the firm’s second quarter already looks much improved, as it has shipped five digital GenRad systems in January and expects to almost double its detector output in the quarter.
By AuntMinnie.com staff writersFebruary 4, 2002
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