Varex reports positive financial results for Q2

AuntMinnie.com staff writers

May 4, 2021

2020 02 12 21 24 5679 Varex Rsna 2019 400

Varex Imaging reported a slight increase in revenues for the second quarter of fiscal 2021 compared with that same period in 2020.

Varex posted $203.5 million in revenues for the quarter (end-April 2), up 3.2% compared with revenue of $197 million in the same period the year before. The company's net income was $3.1 million for the second quarter of 2021, which is a major recovery from its reported net loss of $1.9 million during the same period in 2020.

Furthermore, Varex noted revenues increased 15% sequentially over the first quarter of fiscal year 2021, due to sales gains in both the medical and industrial segments, according to the firm.

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Test set images with ground truth (teal, red) and model predictions (green, yellow), with true positives (green), false positives (yellow), and false negatives (red). Predictions from the 6x-YOLOv5 ensemble trained on histogram equalized input images with a y = 0.2 avalanche scheme, achieving 0.536 precision, 0.795 recall, and 0.723 F2 score. Image and caption courtesy of Scientific Reports.

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Stroke Skull Xray 400

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Test set images with ground truth (teal, red) and model predictions (green, yellow), with true positives (green), false positives (yellow), and false negatives (red). Predictions from the 6x-YOLOv5 ensemble trained on histogram equalized input images with a y = 0.2 avalanche scheme, achieving 0.536 precision, 0.795 recall, and 0.723 F2 score. Image and caption courtesy of Scientific Reports.

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(a) Raw example of a dynamic digital radiograph. (b) Contrast equalization using contrast-limited adaptive equalization shows improved anatomical visualization. (c) Training data is generated through manually labeling using SLEAP’s graphical user interface. (d-e) Neural network detection schematic. For each quadrant a series of two networks were used. The first identifies the quadrant center, the second using input of the first, then identifies individual anatomical landmarks within a quadrant. (d) Four neural networks were trained, each with the objective of identifying a chest quadrant centroid. The four separate quadrants are visualized as colored boxes (right upper quadrant, green; right lower quadrant, blue; left upper quadrant, red; left lower quadrant, yellow). (e) Serial centroid then anatomical identification. Two quadrant examples showing confidence maps of trained neural networks identifying quadrant centroids (left) and then anatomical confidence maps (right). Image and caption courtesy of Chest Pulmonary.

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An image illustrating the use of novel x-ray technology in crash tests.

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Image of patient (upper-left) in which, according to the radiologist's report, there is only consolidation, but the algorithm detects an abnormal rib (upper-right), consolidation (lower-left), and two nodules (lower-right). It is worth noting the confusion of a consolidation with mammary tissue and of two nodules with the two mammary areolae. Image courtesy of Scientific Reports.

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