Varex reports Q1 revenues up from last year

AuntMinnie.com staff writers

Feb 8, 2022

2020 02 12 21 24 5679 Varex Rsna 2019 400

Digital x-ray company Varex Imaging reported lower revenue for the first quarter of fiscal 2022 than it anticipated, but sales were still higher than the same quarter in 2021.

For the period (end-December 31), Varex reported total revenues of $199 million, about 12% higher than the $177 million reported in the same quarter last year. Though the demand for products remained strong in the first quarter of fiscal 2022, supply-chain constraints limited the company's ability to fulfill orders as planned, according to Varex.

The company's net income for the most recent quarter was $1.6 million, compared with a net loss of $6.3 million in the last quarter of 2021.

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Test set images with ground truth (teal, red) and model predictions (green, yellow), with true positives (green), false positives (yellow), and false negatives (red). Predictions from the 6x-YOLOv5 ensemble trained on histogram equalized input images with a y = 0.2 avalanche scheme, achieving 0.536 precision, 0.795 recall, and 0.723 F2 score. Image and caption courtesy of Scientific Reports.

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Test set images with ground truth (teal, red) and model predictions (green, yellow), with true positives (green), false positives (yellow), and false negatives (red). Predictions from the 6x-YOLOv5 ensemble trained on histogram equalized input images with a y = 0.2 avalanche scheme, achieving 0.536 precision, 0.795 recall, and 0.723 F2 score. Image and caption courtesy of Scientific Reports.

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(a) Raw example of a dynamic digital radiograph. (b) Contrast equalization using contrast-limited adaptive equalization shows improved anatomical visualization. (c) Training data is generated through manually labeling using SLEAP’s graphical user interface. (d-e) Neural network detection schematic. For each quadrant a series of two networks were used. The first identifies the quadrant center, the second using input of the first, then identifies individual anatomical landmarks within a quadrant. (d) Four neural networks were trained, each with the objective of identifying a chest quadrant centroid. The four separate quadrants are visualized as colored boxes (right upper quadrant, green; right lower quadrant, blue; left upper quadrant, red; left lower quadrant, yellow). (e) Serial centroid then anatomical identification. Two quadrant examples showing confidence maps of trained neural networks identifying quadrant centroids (left) and then anatomical confidence maps (right). Image and caption courtesy of Chest Pulmonary.

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Image of patient (upper-left) in which, according to the radiologist's report, there is only consolidation, but the algorithm detects an abnormal rib (upper-right), consolidation (lower-left), and two nodules (lower-right). It is worth noting the confusion of a consolidation with mammary tissue and of two nodules with the two mammary areolae. Image courtesy of Scientific Reports.

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