EOS revenue slips in Q4, grows for 2020

By AuntMinnie.com staff writers

January 13, 2021 -- EOS Imaging announced a small dip in revenue for the fourth quarter of 2020 compared with what was reported in the same quarter in 2019, but overall revenues climbed significantly year-to-year.

For the fourth quarter (end-December 31), EOS posted about revenues of 7.7 million euros ($9.4 million U.S.), down 2% compared with revenues of 7.8 million euros ($9.5 million) in the same period the year before. After currency adjustment, revenues fell 0.2%.

For 2020, the company posted revenues of 28 million euros ($34 million), up 18.6% from 20.1 million euros ($24.4 million) reported in 2019. After currency adjustment, revenues grew 19.3%.

EOS bounced back during the second half of 2020 due to a rebound in orders for the EOSedge system.

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