RaySearch posts positive mid-year numbers

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Radiation therapy software developer RaySearch Laboratories of Stockholm, Sweden, reported that it has shown growth in sales and after-tax profits for the first two quarters of its fiscal 2007 year.

At the close of the second quarter (end-June 30), the firm recorded net sales of 33.5 million Swedish kronor ($4.86 million, U.S.) for the first half of the year, a positive gain over the 28.6 million kronor ($4.15 million) posted for the first half of fiscal 2006.

Profit after tax for the company was stated as 10.7 million kronor ($1.55 million), an uptick compared with the 8.3 million kronor ($1.2 million) in after-tax profit shown in the first two quarters last year.

In other news, RaySearch’s president and CEO, Johan Lof, said that the company has signed a collaboration agreement with TomoTherapy. The Madison, Wis.-based TomoTherapy develops the Hi·Art treatment system, which combines integrated CT imaging with conformal radiation therapy.