Hologic posts revenue gain, loss in Q4
Article Thumbnail ImageNovember 13, 2012 -- A nearly 15% increase in service revenue from digital mammography systems was among the contributors to revenue gains for women's imaging vendor Hologic in its fiscal fourth quarter.

To get access to this article and all of the content on AuntMinnie.com, create a free account or sign-in now.

Member Sign In:
MemberID or E-mail Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  



For the period (end-September 30), Hologic had revenue of $588.5 million, up 26% from the $467 million reported in the fourth quarter of 2011. The fourth-quarter results included revenue of $89.5 million from its acquisition of Gen-Probe.

Service revenue primarily related to its installed base of digital mammography systems climbed $10.5 million, or 14.5%, during the quarter.

Affected by noncash charges, interest expenses, and acquisition-related costs, Hologic had a net loss of $77.8 million in the quarter, compared with net income of $27.6 million reported in the same period last year.

For the year, Hologic had revenue of $2 billion, up from the $1.8 billion reported in 2011. The company had a net loss for the year of $73.6 million, compared with net income of $157.2 million a year ago.