The lack of healthcare spending in a lackluster economy adversely affected revenues for women's imaging vendor Hologic in its fiscal first quarter (end-December 26).
Revenues for the Bedford, MA, firm totaled $412.4 million, a decrease of 3.9% compared with $429.2 million in the first quarter of fiscal 2009. Hologic blamed the downturn on a decline in sales of its Selenia full-field digital mammography systems, due to the poor economy and delays and reductions in hospital capital spending.
Hologic reported net income of $26.1 million, compared with net income of $38.2 million in the first quarter of fiscal 2009. Included in the first quarter of fiscal 2010 and 2009 results were a charge of $57.1 million and $50.4 million, respectively, for the amortization of intangible assets and noncash interest expense charges of $17.8 million and $16.5 million, respectively, related to new accounting standards.
Despite the lower numbers, Hologic beat Wall Street expectations for the quarter, and as a result the firm's stock rose 3% to $15.70 in after-hours trading, according to the Wall Street Journal.
Related Reading
Hologic targets cervical cancer screening, January 12, 2010
Hologic to unveil multimodality SecurView release, November 26, 2009
Hologic sales dip, names Cascella CEO, November 10, 2009
Hologic expands in Asia-Pacific, October 19, 2009
FDA OKs Hologic's MammoSite ML, September 2, 2009
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![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&fit=crop&h=100&q=70&w=100)
![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
