Analogic reported lower revenue and the firm swung to a net loss for its 2017 fiscal third quarter (end-April 30).
The company saw a 5% decrease in revenue, from $128 million in 2016 to $122.2 million this year, which it attributed to lower sales in its Medical Imaging and Ultrasound businesses. Net loss for the period was $59.6 million, compared with net income of $4.9 million in 2016.
Revenue for the first nine months of 2017 totaled $374.8 million, up 1% from 2016's $370.8 million. Net loss for the period was $49.6 million, compared with net income of $3.4 million in 2016, Analogic said.
The company's Medical Imaging segment revenue was $69.5 million for the third quarter, down 5% from revenue of $72.9 million in the same period in 2016 due to lower revenues in CT and MRI. Year-to-date Medical Imaging revenues were $209.0 million, down 1% from the first nine months of 2016.
The company's Ultrasound segment revenue was $34.8 million for the quarter, down 7% from $37.6 million in the same period last year, due to delays in general imaging system sales and lower point-of-care revenue, the company said. Ultrasound revenues for the first nine months of fiscal 2017 were $110.9 million, down 6% from last year, according to the firm.
![Examples of ultrasound findings and techniques. (A) Images in a 39-year-old male patient with a mass in the left thigh. The mass is heterogeneous on the B-mode US image (compared with the patient in D) and showed increased microvascularity (superb microvascular imaging [SMI]) and shear-wave elastography (SWE) values. Undifferentiated pleomorphic sarcoma was diagnosed at biopsy (with pleomorphic rhabdomyosarcoma in surgical specimen). (B) Images in an 18-year-old male patient with a mass in the left leg. The mass is hypoechoic on the B-mode image, with no other findings suggestive of malignancy. The lesion is in contact with the cortex of the tibia, which is slightly irregular. CT revealed a doubtful anteromedial tibial erosion. The microvascular study demonstrated high vascularization, suggestive of malignancy. Periosteal Ewing sarcoma was diagnosed with both histologic and immunohistochemical confirmation. (C) Images in a 69-year-old female patient with a lump growing on the outside of the left leg. Multiple SWE examinations were performed (please note the high values obtained in the measurements, whereas the color map highlights the stiffness relative to adjacent tissues). SMI showed areas of increased vascularization to target for sampling. Undifferentiated spindle cell sarcoma was diagnosed at biopsy, with residual leiomyosarcoma in the surgical specimen after neoadjuvant therapy. (D) Images in a 56-year-old female patient with a mass in the right thigh. The mass is heterogeneous at both B-mode ultrasound (similar to patient A) and MRI (coronal T2-weighted spectral attenuated inversion recovery [SPAIR]; T1-weighted pre-contrast and postcontrast imaging), which even shows uptake after the administration of paramagnetic contrast material, which is traditionally suggestive of malignancy. Low values at SMI and elastography are suggestive of benignity. Spindle cell lipoma was diagnosed at biopsy, with atypical spindle cell lipomatous tumor in the surgical specimen.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/08/images-radiol250278fig2.APCFLSvX6p.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
