X-ray and mammography vendor Fischer Imaging reported revenues of $51 million in fiscal 2000, down 14.8% from normalized revenues of $59.9 million posted in fiscal 1999. Yet the Denver-based vendor moved back into the black for the period (end-December 31), posting net income of $2.1 million. In fiscal 1999, Fischer had a normalized net loss of $5.4 million.
In the fourth quarter, Fischer had revenues of $13.6 million, down 16.9% compared with the $16.3 million posted last year. The company had net income of $902,000, compared with net income of $398,000 in the fourth quarter of 1999. Fischer executives credited a new manufacturing strategy that has increased product quality, reduced product lead time, and improved gross margins as key factors in the improved financial performance.
By AuntMinnie.com staff writersFebruary 15, 2001
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