Strong sales of its C-PET cameras helped ADAC Laboratories record higher sales and net income for the company's second quarter (end-April 2). The Milpitas, CA, company said it received orders for 16 C-PET cameras during the period.
For the quarter, ADAC posted revenues of $90 million, up 3% compared with $87.4 million in sales in the same period of 1999. The company's net income was $3.1 million, compared with a second-quarter 1999 net loss of $20.8 million, a figure that included $18 million in one-time charges.
ADAC said that strong demand in the company's PET business is helping to offset weakness in its radiation therapy and information systems units.
By AuntMinnie.com staff writersApril 28, 2000
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