Hologic reported fiscal third-quarter revenues of $52.4 million, up 9% compared with the $48 million booked in the 2002 fiscal third quarter. For the period (end-June 28), the Bedford, MA-based vendor had net income of $1.1 million, compared with net income of $492,000 last year.
In quarterly highlights, Hologic shipped a record 18 Selenia full-field digital mammography (FFDM) systems, 16 of which were recognized as revenue during the quarter. As of the end of June, Hologic had a backlog of 50 orders for Selenia.
Mammography revenues climbed 13% to $21.8 million, while operating income in the mammography segment dipped from $1.3 million to $926,000. Hologic attributed the decrease primarily to significantly higher costs from the increase of field service personnel as the firm transitioned to a direct sales and service organization in almost half of the U.S. market.
Osteoporosis assessment revenues gained 11% to $17.8 million, while operating income in the business unit surged from $984,000 to $2.6 million. Digital imaging revenues also grew 14%, although the business segment’s operating loss grew from $2.6 million to $3.4 million. That segment was affected by additional manufacturing costs from the rollout of the digital mammography detector and increased operating expenses, Hologic said.
Mini C-arm revenues dipped 13% to $4.2 million, with a drop in operating income from $976,000 to $604,000. Hologic’s general radiography business had a 10% drop in revenues to $1.4 million, and the business unit had an operating income decline from $334,000 to $327,000.
By AuntMinnie.com staff writersAugust 7, 2003
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Hologic launches Selenia in U.K., April 24, 2003
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