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

Sponsored Content | Videos | Breast Imaging | July 28, 2017
Nancy Cappello, Ph.D., executive director and founder of Are You Dense Inc. and Are You Dense Advocacy, explains how
Volpara Solutions to Showcase Volpara Enterprise DDP Software at AHRA 2017
News | Mammography | July 11, 2017
Volpara Solutions Inc. will showcase its new Volpara Enterprise DDP software at the Association for Medical Imaging...
Fujifilm Showcases Digital Radiography, Mammography Innovations at AHRA 2017
News | Digital Radiography (DR) | July 06, 2017
Fujifilm Medical Systems U.S.A. Inc. will present its comprehensive portfolio of digital radiography (DR) and...
Solis Mammography Ranks No. 19 in Dallas Business Journal’s Middle Market 50
News | Mammography | June 30, 2017
June 30, 2017 — Solis Mammography was named the 19th fastest-growing, middle-market company in North Texas by the
GE Healthcare Announces First U.S. Installation of Senographe Pristina Mammography System
News | Mammography | June 29, 2017
GE Healthcare has collaborated with Boca Raton Regional Hospital (Boca Raton, Fla.) to bring a more comfortable...
New Study Highlights Breakthrough Therapy to Reduce Mammographic Breast Density
News | Breast Density | June 28, 2017
Stephen N. Birrell, M.D., Ph.D., presented breakthrough findings into the reduction of mammographic breast density at...
Therapixel Wins the Digital Mammography Challenge
News | Mammography | June 23, 2017
June 23, 2017 — French radiology technology company Therapixel was recently named the winner of the Digital Mammograp
MRI Plus Mammography Improves Detection of New Breast Cancer After Surgery
News | Breast Imaging | June 22, 2017
A new article published by JAMA Oncology compares outcomes for combined mammography and magnetic resonance imaging (MRI...
mammogram

Photo courtesy of Barco

News | Mammography | June 08, 2017
An analysis of breast cancer data revealed that many small breast cancers have an excellent prognosis because they are...
News | Mammography | June 07, 2017
Hologic, Inc. announced that the Genius 3D Mammography exam is now the only mammogram that is FDA-approved as superior...
Overlay Init