Bone densitometry firm Lunar enjoyed a sharp jump in net income in its second fiscal quarter (end-December 31). The jump came amid only a slight rise in revenues, and is a sign that the Madison, WI, company is successfully holding down costs, according to Lunar management.
For the quarter, Lunar reported sales of $23.6 million, up slightly compared with $23.4 million in the same period the year before. Net income for the most recent quarter was $2.3 million, compared with $736,000 in the second quarter of fiscal 1999.
Lunar executives reported an 8% rise in densitometry sales in the U.S. and a 19% increase in Europe, gains that were offset by a decline in South America. Sales of orthopedic equipment, such as MRI and C-arm systems, were essentially flat.
The company was successful in reducing operating expenses by over $2 million, however, and improved its gross profit margin to 44%.
By AuntMinnie.com staff writers
January 20, 2000
Copyright © 2000 AuntMinnie.com
Bone densitometry firm Lunar enjoyed a sharp jump in net income in its second fiscal quarter (end-December 31). The jump came amid only a slight rise in revenues, and is a sign that the Madison, WI, company is successfully holding down costs, according to Lunar management.
For the quarter, Lunar reported sales of $23.6 million, up slightly compared with $23.4 million in the same period the year before. Net income for the most recent quarter was $2.3 million, compared with $736,000 in the second quarter of fiscal 1999.
Lunar executives reported an 8% rise in densitometry sales in the U.S. and a 19% increase in Europe, gains that were offset by a decline in South America. Sales of orthopedic equipment, such as MRI and C-arm systems, were essentially flat.
The company was successful in reducing operating expenses by over $2 million, however, and improved its gross profit margin to 44%.
By AuntMinnie.com staff writers
January 20, 2000
Copyright © 2000 AuntMinnie.com
Bone densitometry firm Lunar enjoyed a sharp jump in net income in its second fiscal quarter (end-December 31). The jump came amid only a slight rise in revenues, and is a sign that the Madison, WI, company is successfully holding down costs, according to Lunar management.
For the quarter, Lunar reported sales of $23.6 million, up slightly compared with $23.4 million in the same period the year before. Net income for the most recent quarter was $2.3 million, compared with $736,000 in the second quarter of fiscal 1999.
Lunar executives reported an 8% rise in densitometry sales in the U.S. and a 19% increase in Europe, gains that were offset by a decline in South America. Sales of orthopedic equipment, such as MRI and C-arm systems, were essentially flat.
The company was successful in reducing operating expenses by over $2 million, however, and improved its gross profit margin to 44%.
By AuntMinnie.com staff writers
January 20, 2000
Copyright © 2000 AuntMinnie.com
