Strong sales of its CT subsystems helped medical imaging firm Analogic to an 11% revenue gain in the company's fiscal fourth quarter.
For the period (end-July 31), the Peabody, MA-based firm had revenues from continuing operations of $92.9 million, up 11% compared with the $83.7 million reported a year ago. Analogic had net income from continuing operations of $8.3 million, compared with a net loss of $8.1 million last year, when the company posted a number of one-time charges.
In other quarterly highlights, sales of ultrasound systems and subsystems, as well as MRI power systems for magnetic resonance imaging, were on par with last year's strong performance, according to president and CEO Jim Green. Analogic also expects sales of its Anrad subsidiary's amorphous selenium flat-panel detector plates for digital mammography to grow significantly over the next several years.
For the fiscal year, Analogic had revenues of $340.8 million, down 3% compared with the $351.4 million reported a year ago. The company had net income of $15.4 million, compared with $25 million last year.
By AuntMinnie.com staff writers
September 24, 2007
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