Increased revenue in its Breast Health segment helped women's imaging vendor Hologic improve its financial picture in the second quarter of fiscal 2014 (end-March 29).
Second-quarter revenues increased 2% to $625 million, compared with $612.7 million in the second quarter of fiscal 2013 (including $10.6 million from the sale of Lifecodes in March 2013). The company's net loss lessened to $16.8 million, compared with a net loss of $51.1 million in the same quarter a year ago.
For the six-month period, revenues decreased slightly to $1.237 billion, compared with $1.244 billion in the same period of fiscal 2013. Hologic's net loss improved to $22.1 million, compared with a net loss of $48 million in the same period a year ago.
In a prepared statement, President and CEO Stephen MacMillan said the quarterly results reflect early progress in the company's renewed focus on "executional discipline as we drive to our goal of sustainable organic growth."
