Analogic posted declines in revenue and net income for its 2016 fiscal third quarter (end-April 30).
The company saw a 4% decrease in revenue, from $133.6 million in 2015 to $128 million this year, which it attributed to lower sales from security systems and legacy ultrasound probes. Net income for the period dropped from $9.1 million in 2015 to $5 million.
Revenue in Analogic's Medical Imaging segment rose by 1% compared with the third quarter of 2015, from $71.9 million to $72.9 million. However, overall revenue in its Ultrasound segment decreased by 3%, from $38.6 million in 2015 to $37.6 million.
Revenue for the first nine months of 2016 totaled $370.8 million, down 4% from the same period last year, while net income for this period was $3.4 million, compared with $22.6 million in 2015, Analogic said.
