Positron sales surge in 2000

AuntMinnie.com staff writers

Apr 2, 2001

PET developer Positron reported 2000 revenues of $6.7 million, up from $1.5 million in 1999. The Houston-based vendor sold a record five systems last year, compared with none in 1999.

Positron had net income of $81,000 in 2000 -- the first profitable year for the company -- compared with a net loss of $1.4 million in 1999. The firm succeeded in generating the modest profit as a result of improvements to its balance sheet, primarily in the areas of warranty reserve and bad debt collection, according to president Gary Brooks.

By AuntMinnie.com staff writers
April 3, 2001
Related Reading

Positron enhances mPower, November 26, 2000

PET imaging ignites nuclear medicine, November 16, 2000

Copyright © 2001 AuntMinnie.com

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