Financial News from Emageon, Hologic

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Emageon reported record revenues for Q3 2006 of $33.0 million, a 65 percent increase over Q3 2005 revenue of $20.0 million. However, the company saw a net loss for the quarter of $0.3 million – partly due to expenses related to the integration of Camtronics Medical Systems. In Q3 2005, Emageon saw net income of $1.8 million. Revenue for the nine months ended September 30, 2006 was $90.0 million, an increase of 78 percent over 2005 same period revenue of $50.5 million. Net loss for the nine months was $8.1 million, including $4.3 million in expenses related to the integration of Camtronics. For the nine months of 2005 the company had a net loss of $1.1 million.

Hologic reported Q4 fiscal 2006 revenues of $154,055,000, a 97 percent increase compared to to $78,217,000 in Q4 fiscal 2005. The company also reported a Q4 net loss of $1,473,000 compared with net income of $9,475,000 in Q4 fiscal 2005. Income from operations for the period totaled $7,560,000 compared with $11,409,000 during the previous year. The company primarily attributes the totals to the in-process research and development and other acquisition-related charges. Hologic stated that these expenses were in part offset by the increase in revenues and gross profit from the sales of Selenia full-field digital mammography systems, and the net reduction in operating expenses resulting from a gain on the disposition of certain intellectual property. For Q4 by segment:
  • Mammography/breast care revenues increased 113 percent to $114,198,000 from $53,544,000 for the same period in fiscal 2005;
  • Osteoporosis assessment revenues decreased slightly to $19,195,000 from $19,640,000 for the same period in fiscal 2005; and
  • All other revenues, which includes the company’s mini C-arm, extremity MRI, AEG, conventional general radiography service and digital general radiography systems businesses, increased 310 percent to $20,662,000 from $5,033,000 for the same period in fiscal 2005.