Women's imaging vendor Fischer Imaging of Denver reported fiscal 2004 second-quarter revenues of $19.8 million, a 64% increase compared with $12.1 million in sales in the second quarter of 2003. For the period (end-June 30) the company recorded net income of $3.2 million, compared with a net loss of $2.4 million for the comparable quarter in fiscal 2003.
Fischer said its 2004 second-quarter results include patent litigation settlement income of $5.2 million, whereas results for the comparable quarter of 2003 reflect $900,000 from the same settlement. The firm said it amended a 2002 patent settlement agreement and received a one-time payment of $4.3 million in lieu of six remaining $900,000 payments that were due annually through 2010.
For the first half of its fiscal year, Fischer reported revenue of $31.8 million, a 47.5% increase compared with the $21.5 million in sales stated for the first half of 2003.
By AuntMinnie.com staff writers
August 13, 2004
Related Reading
Fischer signs San Francisco General, June 10, 2004
Fischer obtains $4.25 million payment, CE Mark reinstated, June 3, 2004
Kodak, Fischer in PACS deal, May 25, 2004
Fischer to offer Cedara mammo software, May 25, 2004
Suri to head Fischer R&D, May 18, 2004
Copyright © 2004 AuntMinnie.com
