News | May 02, 2007

Hologic 2Q07 Revenues Reach $181 Million

May 3, 2007 — Hologic, Inc., a provider of diagnostic and digital imaging systems directed toward women’s health, announced that revenues for the quarter ended March 31, 2007 marked a record $181.1 million and earnings reached $21.6 million. An unprecedented 282 Selenia full field digital mammography systems installed in the period accounted for the spike in revenue, plus a line of credit reduced to zero resulted in cash balance increases to over $50 million.
Second quarter fiscal 2007 revenues totaled $181,086,000, a 79 percent increase when compared to revenues of $100,985,000 in the second quarter of fiscal 2006. For the second quarter of fiscal 2007, Hologic reported net income of $21,634,000, or $0.40 per diluted share, compared with net income of $11,164,000, or $0.24 per diluted share, in the second quarter of fiscal 2006. The improvement in quarterly earnings primarily reflects the increase in product sales of Selenia full-field digital mammography systems in the current quarter as compared to the second quarter of fiscal 2006. Included in the current quarter’s results are the operations of AEG Elektrofotografie (“AEG”), acquired on May 2, 2006, R2 Technology, Inc., acquired on July 13, 2006, and Suros Surgical Systems, Inc., acquired on July 27, 2006.
The company’s non-GAAP adjusted net income for the second quarter of fiscal 2007 increased 108 percent to $25.5 million compared to our non-GAAP adjusted net income of $12.3 million in the second quarter of fiscal 2006. Its fiscal 2007 second quarter non-GAAP adjusted net income excludes the following: a $3.7 million charge to operating expenses to amortize the intangible assets acquired from AEG, Fischer, R2 and Suros; and a $1.6 million charge for stock-based compensation expense.

Related Content

SmartCurve technology, a revolutionary breast imaging technology designed specifically for the curvature of the female breast to provide every woman with a more comfortable and accurate mammogram.
News | Mammography | September 14, 2018
Solis Mammography declared September Breast Wellness Month a
Illinois Governor Approves State Breast Density Reporting Bill Into Law
News | Breast Density | August 13, 2018
Illinois Gov. Bruce Rauner approved the Illinois Breast Density Reporting Law (Public Act 100-0749) on Aug. 10, 2018...
iCAD Receives FDA Clearance of PowerLook Density Assessment for Digital Breast Tomosynthesis
Technology | Breast Density | August 08, 2018
iCAD announced U.S. Food and Drug Administration (FDA) clearance of its latest artificial intelligence (AI) software...
Konica Minolta Hosting Lunch and Learn at 23rd Annual Mammography Meeting in Santa Fe
News | Breast Imaging | July 31, 2018
Konica Minolta Healthcare Americas Inc. will sponsor a lunch and learn featuring its Exa Mammo platform during the 23rd...
FDA Approves New Tomosynthesis Quality Control Tests for ACR Digital Mammography QC Manual
News | Mammography | July 30, 2018
The U.S. Food and Drug Administration (FDA) recently approved the American College of Radiology’s (ACR’s) amendment to...
Fujifilm to Host Pediatric Imaging Best Practices Symposium at AHRA 2018
News | Pediatric Imaging | July 18, 2018
Fujifilm Medical Systems U.S.A. Inc. announced that it will offer educational opportunities and exhibit its latest...
Breast Cancer Follow-up Imaging Varies Widely
News | Breast Imaging | July 13, 2018
July 13, 2018 — Follow-up imaging for women...
Invision Diagnostics Installs VolparaEnterprise Software to Enhance Mammography Image Quality
News | Mammography | July 11, 2018
Invision Diagnostics, a provider of mobile mammography services across North and South Carolina, announced that it is...
FDA Article Underscores Benefits of Adequate Breast Compression for Mammography Image Quality
News | Mammography | June 26, 2018
Inadequate breast commission played a role in up to 38 percent of mammogram image quality deficiencies, according to a...