Radiation therapy firm TomoTherapy of Madison, WI, posted its second-quarter financial results.
For the period (end-June 30), the company reported revenue of $41.1 million, a decrease of 21% from $52 million in the second quarter of 2008. Net loss for the quarter was $7.1 million, compared with $6.9 million for the same period last year.
As of June 30, TomoTherapy had a revenue backlog of $145 million, a 7% decrease from its $157 million backlog as of March 31. The backlog includes $34 million of equipment orders received during the second quarter of 2009, up from $4 million of orders added in the first quarter. The company also removed $18 million of orders from backlog during the quarter due to the age of the orders and the lack of site progress.
For the first six months of 2009, TomoTherapy reported revenue of $71.7 million, a 21% decrease from $90.9 million for the same period of 2008. The net loss for the period was $20.1 million, compared with $13 million in 2008.
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