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Hologic Announces First Quarter Fiscal 2008 Operating Results
Date:1/31/2008

e amounts are also excluded by the Company when calculating compliance with the Company's financial covenants under its credit facility. When analyzing the Company's operating performance, investors should not consider this non-GAAP measure as a substitute for net income prepared in accordance with GAAP.

Pro-forma revenue for the full quarter, as if the companies had been combined in both periods, grew 24% to $408 million, compared to combined revenues of $326.3 million in the comparable quarter of 2007. This included an increase in revenues associated with the historical Cytyc businesses to $195.1 million from $163.1 million in the comparable quarter of fiscal 2007.

As expected, the Company recorded in the current quarter the entire expense of approximately $3.3 million associated with its participation at the Radiological Society of North America ("RSNA") medical imaging trade show held in November 2007, which was up from the $2.5 million spent on the trade show in the first quarter of fiscal 2007.

During the first quarter, Hologic recognized as revenue the sale of 384 Selenia full-field digital mammography systems. At December 29, 2007, the Company's backlog for orders of Selenia was 578 systems, and total backlog for the Company's historical businesses was $244.5 million.

"We are pleased with our fiscal first quarter results which were slightly above expectations and provide a solid foundation for achieving our goals this fiscal year," said Jack Cumming, Chief Executive Officer. "The demand for our products remains strong and we look forward to the full contribution from our enhanced sales capabilities and to fully leveraging the synergies of our recent acquisitions as we progress through the year."

In connection with its transformational merger with Cytyc in early fiscal 2008, the Company added two significant new operating segments and combined a number of previous operating segments to better align the new resources of the c
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SOURCE Hologic, Inc.
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