EOS notches revenue growth in Q2

Growth in equipment orders boosted financial results for orthopedic imaging technology developer EOS Imaging in the second quarter (end-June 30).

Second-quarter revenue totaled 3.4 million euros ($3.8 million U.S.), of which 2.7 million euros ($3 million) came from maintenance, consumables, and services, while equipment sales contributed the remainder. The company also recorded total second-quarter revenue of 9.3 million euros ($10.4 million), which includes a change in equipment order book value and represents a 16% gain over total revenue of 8 million euros ($9 million) in the second quarter of 2018.

Taking into consideration the same change in equipment order book value, total revenue for the six-month period rose to 18 million euros ($20.2 million), up 3% from 17.5 million euros ($19.7 million) in the first half of 2018.

Mike Lobinsky, CEO of EOS Imaging, added that 30 orders for its orthopedic imaging systems, steady growth of the company's average selling price, and 33% growth in recurring revenues kept the company in line with its expectations through the midyear.

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