TomoTherapy posts Q1 prelims, buys Chinese linac firm

AuntMinnie.com staff writers
Apr 17, 2008

Citing a sluggish European market, radiation therapy company TomoTherapy of Madison, WI, reported lower estimated first-quarter results (end-March 31), compared with the previous year.

The company anticipates revenue of $39 million, down from $51.2 million for the same period in 2007. TomoTherapy is lowering its annual guidance for 2008, expecting revenue of $255 million to $290 million for the year. TomoTherapy will report actual first-quarter results on April 28.

In other news, the company announced that it has made an agreement to acquire Chengdu Twin Peak Accelerator Technology, a private linear accelerator manufacturer in Chengdu, China. TomoTherapy plans to use the linear accelerators designed and manufactured by the Chinese firm to supplement its existing supply source of high-energy x-ray systems for cancer treatments. The transaction will close in 90 days.

Related Reading

TomoTherapy wins Wisconsin vet contract, March 28, 2008

TomoTherapy posts strong Q4, February 14, 2008

TomoTherapy releases new Hi-Art version, January 24, 2008

TomoTherapy completes deal in Germany, December 20, 2007

TomoTherapy to change ticker symbol, December 14, 2007

Copyright © 2008 AuntMinnie.com

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