News | July 30, 2007

Hologic Announces Q307 Earnings

July 31, 2007 - Hologic Inc., a provider of diagnostic and digital imaging systems directed toward women’s health, announced results for the quarter ended June 30, 2007, with record revenues of $191.5 million and earnings of $24.7 million.
Hologic also reported a record 328 Selenia full field digital mammography systems installed and recognized as revenue, a record backlog of $222.1 million and cash balance increases to $93.8 million.
Third quarter fiscal 2007 revenues totaled $191,505,000, a 60 percent increase when compared to revenues of $119,685,000 in the third quarter of fiscal 2006. For the third quarter of fiscal 2007, Hologic reported net income of $24,748,000, or $0.45 per diluted share, compared with net income of $12,017,000, or $0.25 per diluted share, in the third 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 third quarter of fiscal 2006. Included in the current quarter’s results are the operations of (i) AEG Elektrofotografie (AEG), acquired on May 2, 2006, (ii) R2 Technology Inc. (R2), acquired on July 13, 2006, and (iii) Suros Surgical Systems, Inc. (Suros), acquired on July 27, 2006.
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