Hologic, Inc., a provider of diagnostic and digital imaging systems directed towards women’s health, announced its results for 2006.
Highlights of the quarter include:
• Record revenues of $154.1 million.
• Record 193 Selenia full field digital mammography systems installed and recognised as revenue.
• Record backlog of $194.7 million. Fourth quarter fiscal 2006 revenues totaled $154,055,000, a 97% increase when compared to revenues of $78,217,000 in the fourth quarter of fiscal 2005. For the fourth quarter of fiscal 2006, Hologic reported a net loss of $1,473,000, or $0.03 per diluted share, compared with net income of $9,475,000, or $0.20 per diluted share, in the fourth quarter of fiscal 2005. Fourth quarter fiscal 2006 income from operations totaled $7,560,000 compared with $11,409,000 in the fourth quarter of fiscal 2005.
The reduction in the company’s net income and income from operations in the current quarter were primarily attributable to the inprocess research and development and other acquisition related charges incurred in the quarter, and the addition of stock based compensation charges resulting from the application of FASB Statement 123R which became effective at the beginning of the fiscal year.