Investment widens Hologic net loss despite gains

AuntMinnie.com staff writers

Jul 31, 2000

Bone densitometry and digital x-ray vendor Hologic announced fiscal third-quarter revenues of $22.1 million, up 10% from the $20 million in sales reported during the same period in 1999. Investments in its digital x-ray business prevented the Bedford, MA-based vendor from achieving profitability, however.

For the quarter (end-July 1), Hologic had a net loss of $2.6 million, compared with a net loss of $1.5 million last year. Absent the $3.3 million loss generated by its Direct Radiography subsidiary, Hologic would have posted net income of $656,000 for the quarter.

Hologic also reported strong customer interest in its new Delphi bone densitometer and Radex digital general radiography system. The firm installed its first two Radex systems during the quarter and shipped its first Epex system last week, according to chairman and CEO David Ellenbogen.

By AuntMinnie.com staff writers
August 1, 2000
Related Reading

CR, DR vendors debate digital x-ray methods at SCAR meeting, June 4, 2000

DRC signs on ReMedPar for distributor network, May 16, 2000

Direct Radiography launches distributor network for upgrade sales, May 1, 2000

Hologic reports loss despite revenue gains, April 27, 2000

Hologic gets approval for vertebral feature, March 24, 2000

Army base finds success with digital x-ray retrofit, December 22, 1999

Copyright © 2000 AuntMinnie.com

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