Analogic Releases Financial Results
September 26th, 2005 | Published in Company Profiles
Analogic Corp. announced revenues
and earnings from the fourth quarter and fiscal year ending July 31,
2005. Revenues were down slightly at $101,998,000 with profits up to
$4,287,000 for the forth quarter. Security systems, modalities (CT,
ultrasound, MRI) were up; cardiovascular information systems (CVIS), digital radiography (DR), and patient monitoring were down.
For the year, revenues were up 2.5% to $364,571,000, with net income
increasing a whopping 245% to $28,862,000. Most of this increase comes
from the sale of Analogic's stake in Cedara Software ($27,388,000).
Patient monitoring revenues were down, as expected, due to a shift in
OEM customer product emphasis, as were embedded multicomputing system
revenues. Sales of cardiac information and image management systems
were also substantially lower, as anticipated, in good part because of
market uncertainty following the need to restate Camtronics' revenues
during the prior fiscal year. A new management team was put in place at
Camtronics during the year and has produced continuous improvement in
revenue over the past two quarters.
OEM customer product emphasis, as were embedded multicomputing system
revenues. Sales of cardiac information and image management systems
were also substantially lower, as anticipated, in good part because of
market uncertainty following the need to restate Camtronics' revenues
during the prior fiscal year. A new management team was put in place at
Camtronics during the year and has produced continuous improvement in
revenue over the past two quarters.
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