Expanding utilization of PET services sparked a 100% fiscal third-quarter revenue gain for Mobile PET Systems. The company reported unaudited preliminary fiscal third-quarter revenues of $4.6 million, up 100.1% compared with the $2.3 million in sales reported in the same period in 2001.
For the quarter (end-March 31), the San Diego-based company expects to post an estimated net loss of $1.1 million, including a $414,000 non-cash loss due to an investor relations program. Mobile PET Systems had a net loss of $2 million in the third quarter last year.
The third-quarter revenue gains were achieved without additional deployment of new PET scanners, showing a higher level of PET utilization by physicians, according to the vendor.
By AuntMinnie.com staff writers
April 10, 2002
Related Reading
Mobile PET inks deal with BUPA, April 1, 2002
Mobile PET wins multiyear Kaiser Permanente contract, January 30, 2002
Mobile PET adds 10 contracts, November 20, 2001
Mobile PET creates fixed-site subsidiary, October 23, 2001
Mobile PET loss grows despite revenue surge, October 18, 2001
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