X-ray and mammography vendor Fischer Imaging reported first-quarter revenues of $11.2 million, down 18.2% from the $13.7 million in sales posted during the same quarter in 2000. For the period (end-April 1), the Denver-based company had net income of $412,000, excluding a one-time $205,000 charge for the dissolution of a foreign subsidiary. Fischer had net income of $351,000 in the first quarter of 2000.
The decline in sales was attributed to the loss of revenue from Fischer's OEM business, which contributed revenue to the company's 2000 results but has since been discontinued, according to the company. Both 2001 revenue and net income exceeded the firm's expectations, according to vice president and CFO Rodney Johnson.
By AuntMinnie.com staff writersApril 26, 2001
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