Dec. 10 – Analogic reported increased revenue and income for its first financial quarter 2008 (end-Oct. 31).
For the quarter, the Peabody, Mass.-based company reported revenues of $9.42 million, compared with the prior year’s first quarter revenues of $7.6 million.
Analogic said it also booked a net income for the first quarter of $6.4 million, compared with a net loss of $5.4 million for the same quarter last year.
Sales of medical imaging products were $5.2 million in the first quarter, which the company attributes to increased demand for their CT subsystems, including advanced multidetector Data Acquisition Systems and new Data Management Systems, and for their MRI Power Systems.
President and CEO Jim Green said, “During the quarter we received our first production orders for our new high-precision radio frequency amplifier for high-end, 3 Tesla MRI, a significant potential growth area. We also completed feasibility studies on the PowerLink, our innovative non-contact power system for CT, for multiple OEMs. After the close of the quarter, B-K Medical introduced the Pro Focus OR, the first dedicated ultrasound system for the operating room. We are expecting continuing growth in demand for B-K Medical’s equipment for brachytherapy treatment for prostate cancer, as part of the general growth in urological applications.”