Financial News: Analogic sees a loss
Provider of health and security imaging equipment Analogic released revenues and earnings for its Q4 and 12-month period ended July 31, 2006. Revenues for the quarter were $83,718,000 from continuing operations, compared with the previous year’s Q4 revenues of $90,657,000, a decrease 7.7 percent. The net loss from continuing operations for Q4 was $8,070,000 compared with net income from continuing operations of $6,238,000 for the previous year. Revenues for the 12 months ended July 31, 2006 were $351,445,000, compared with the prior year’s revenues of $326,479,000, a 7.6 percent increase. Net income from continuing operations for the 12-month period was $4,600,000, compared with $34,659,000, for the same period a year ago. On the plus side, the company just sealed a $3.8 million deal with U.S. Transportation Security Administration for five COBRA Computed Tomography (CT) based explosives and weapons detection systems.