Varex reports positive financial results for Q2

2020 02 12 21 24 5679 Varex Rsna 2019 400

Varex Imaging reported a slight increase in revenues for the second quarter of fiscal 2021 compared with that same period in 2020.

Varex posted $203.5 million in revenues for the quarter (end-April 2), up 3.2% compared with revenue of $197 million in the same period the year before. The company's net income was $3.1 million for the second quarter of 2021, which is a major recovery from its reported net loss of $1.9 million during the same period in 2020.

Furthermore, Varex noted revenues increased 15% sequentially over the first quarter of fiscal year 2021, due to sales gains in both the medical and industrial segments, according to the firm.

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