Analogic said it will have to defer at least $14 million of previously announced revenues from fiscal 2004, stemming from an ongoing investigation into revenue-recognition procedures at its Camtronics Medical Systems subsidiary.
Also, the Peabody, MA-based firm did not file its Form 10-Q for its first quarter (end-October 31) with the Securities and Exchange Commission (SEC) by the December 10 due date. The company said it would a file a notification of late filing form with the SEC today reporting the delinquency.
Analogic said it is currently assessing whether some of the same Camtronics revenue-recognition issues will require the company to restate its financial statements for periods prior to fiscal 2004. The company said it believes that the Camtronics transactions in question represent bona fide customer sales, and that the revenue that has been reversed will be recognized in future fiscal periods.
In other developments, Analogic announced that Camtronics president Eugene Bergholz has left the company. Camtronics vice president and controller John McKinnon has also departed the firm.
Replacing Bergholz as interim president is Daniel Webster Jr. Webster comes to Camtronics after serving as president, CEO, and chairman of Quest Technologies.
By AuntMinnie.com staff writers
December 14, 2004
Related Reading
Analogic gets FDA OK, November 24, 2004
Road to RSNA, Anexa, November 11, 2004
Vanderbilt picks Anexa for DR, November 4, 2004
Analogic selects Burch as VP, October 1, 2004
Analogic Q4 revenues surge, September 22, 2004
Copyright © 2004 AuntMinnie.com
![Axial images from unenhanced calcium score cardiac CT (left) and curved planar reformation images from CT angiography (right) show that higher long-term exposure to air pollution is associated with greater coronary artery calcium and more obstructive coronary artery disease (CAD). Top row: Images in a 68-year-old male patient with higher 10-year mean ambient air pollution exposure (7.9 μg/m3 for particulate matter measuring ≤2.5 μm in diameter [PM2.5] and 17.4 parts per billion [ppb] for NO2) with extensive CAD (coronary artery calcium score [CACS] >1,000 and obstructive CAD [≥70% diameter stenosis]). Bottom row: Images in a 57-year-old female patient with lower 10-year mean ambient air pollution exposure (6.3 μg/m3 for PM2.5 and 4.6 ppb for NO2) with no CAD (CACS = 0 and no obstructive stenosis).](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/06/hanneman.r6SMLzkezo.png?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
