Medical imaging firm Analogic reported an 11% decline in revenue for the company's fiscal fourth quarter (end-July 31), while net income for the vendor also slipped.
For the last quarter of fiscal 2016, Analogic reported revenue of $138.1 million, compared with sales of $154.5 million in the fourth quarter of fiscal 2015. The company's net income for the period was $8.8 million, compared with net income of $10.9 million in the corresponding quarter of fiscal 2015.
For the full fiscal year, Analogic had revenue of $508.8 million, down 6% from $540.3 million for the full fiscal year of 2015. The company's net income for the year was $12.1 million, compared with net income of $33.5 million in the same period of 2015.
Analogic said that revenues in the fourth quarter and full fiscal year were lower due to delays for international tenders in its security business, as well as lower sales in the company's legacy OEM probe business, compared with a strong fourth quarter of fiscal 2015.
Sales in the vendor's medical imaging business were down for the quarter, affected by the timing of shipments in its MRI and mammography segments. The firm's CT business in China is "growing nicely," the company said, with 130 systems shipped. Also, Analogic's direct ultrasound probe business posted double-digit growth in the fourth quarter.
![Images show the pectoralis muscles of a healthy male individual who never smoked (age, 66 years; height, 178 cm; body mass index [BMI, calculated as weight in kilograms divided by height in meters squared], 28.4; number of cigarette pack-years, 0; forced expiratory volume in 1 second [FEV1], 97.6% predicted; FEV1: forced vital capacity [FVC] ratio, 0.71; pectoralis muscle area [PMA], 59.4 cm2; pectoralis muscle volume [PMV], 764 cm3) and a male individual with a smoking history and chronic obstructive pulmonary disorder (COPD) (age, 66 years; height, 178 cm; BMI, 27.5; number of cigarette pack-years, 43.2, FEV1, 48% predicted; FEV1:FVC, 0.56; PMA, 35 cm2; PMV, 480.8 cm3) from the Canadian Cohort Obstructive Lung Disease (i.e., CanCOLD) study. The CT image is shown in the axial plane. The PMV is automatically extracted using the developed deep learning model and overlayed onto the lungs for visual clarity.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/03/genkin.25LqljVF0y.jpg?auto=format%2Ccompress&crop=focalpoint&dpr=2&fit=crop&h=167&q=70&w=250)
