TomoTherapy revenue falls in 2009

AuntMinnie.com staff writers
Feb 21, 2010

2009 proved to be a challenging year for radiation therapy firm TomoTherapy of Madison, WI.

In its fourth quarter (end-December 31), TomoTherapy turned in revenue of $58 million, down 33% compared with the $86.3 million booked in the fourth quarter of 2008. TomoTherapy had a fourth-quarter net loss of $3.4 million (including restructuring charges of $1.9 million), compared with a net loss of $7.5 million (including restructuring charges of $1.6 million) in the same quarter a year ago.

The firm reported 2009 revenue of $164 million in 2009, down 20% compared with the $204.6 million in 2008. The company posted a net loss of $37.4 million, compared with a net loss of $33.5 million in 2008.

The company said that it expects 2010 revenue will be comparable to 2009.

Related Reading

TomoTherapy expands training program, December 9, 2009

TomoTherapy launches new RT device, October 23, 2009

TomoTherapy debuts TomoMobile, October 15, 2009

TomoTherapy wins Kansas contract, August 28, 2009

TomoTherapy posts Q2 results, July 31, 2009

Copyright © 2010 AuntMinnie.com

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