Nuclear medicine and radiation therapy firm ADAC Laboratories continues its strong comeback from the financial difficulties of previous years. The Milpitas, CA-based vendor had fiscal third-quarter revenues of $87.3 million, a 15% increase over the $75.6 million reported in the same period last year.
For the period (end-July 2), ADAC had net income of $4.6 million, compared with a net loss of $5.4 million, excluding pre-tax restructuring and nonordinary charges, in the third quarter of 1999. Growing demand for the vendor’s PET scanners and improvements in its two software businesses contributed to the strong results, according to chairman and CEO Andrew Eckert.
By AuntMinnie.com staff writersJuly 28, 2000
Related Reading
ADAC lands GPO deal with Novation, July 6, 2000.
ADAC announces PET enhancements, June 6, 2000.
ADAC, ADM tapped by ION, May 17, 2000.
ADAC gets clearance for Skylight, April 24, 2000.
ADAC announces record PET sales, January 13, 2000.
ADAC closes books on tough 1999, January 4, 2000.
ADAC turns head with new gantry-free gamma camera, November 30, 1999.
