PET imaging services firm Molecular Imaging of San Diego reported a dip in revenues for the company's first quarter of fiscal 2005 (end-September 30).
For the period, Molecular Imaging posted sales of $5 million, a drop of 11% compared to sales of $5.6 million in the same period of fiscal 2004. The company had a net loss for the first quarter of $458,000, compared to a net loss of $409,000 in the same period a year ago.
The company said that some $400,000 of the drop in revenue was due to customers electing to purchase FDG directly from third-party suppliers rather than including it in the price of service. Also, the firm said it took a $177,000 noncash impairment loss in the most recent period due to a lease restructuring with GE Healthcare of Waukesha, WI.
By AuntMinnie.com staff writers
November 23, 2004
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