Mobile PET turns in revenue gains in 2002

AuntMinnie.com staff writers

Sep 30, 2002

Mobile PET Systems reported fiscal 2002 revenues of $17.6 million, up approximately 145% compared with the $7.2 million posted in fiscal 2001. For the period (end-June 30), the San Diego-based vendor had a net loss of $4.8 million, compared with a net loss of $9.6 million in fiscal 2001.

President and COO Paul Crowe said that the improved financial results were attributable to an increase in utilization per operating unit and a reduction in operating overhead. Crowe said that the company will expand its service business through organic growth, and that the firm projects strong revenue growth in the PET imaging service sector through fiscal 2003.

By AuntMinnie.com staff writers
October 1, 2002
Related Reading

Mobile PET raises $6.75 million, August 1, 2002

Mobile PET sells London center, July 16, 2002

Mobile PET notches record Q3 revenues, April 1, 2002

Mobile PET inks deal with BUPA, April 1, 2002

Mobile PET wins multiyear Kaiser Permanente contract, January 30, 2002

Copyright © 2002 AuntMinnie.com

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