Hologic Announces Fourth Quarter and Fiscal 2008 Operati...( Fourth Quarter Revenues...),Health
Fourth Quarter Revenues Increase to Record High
BEDFORD, Mass., Nov. 11 /PRNewswire-FirstCall/ -- Hologic, Inc.
(Hologic or the Company) (Nasdaq: HOLX), a leading developer, manufacturer
and supplier of premium diagnostics, medical imaging systems and surgical
products dedicated to serving the healthcare needs of women, today
announced its results for the fourth quarter and fiscal year ended
September 27, 2008.
Highlights of the quarter include:
-- Record revenues of $442.5 million.
-- Record 452 Selenia full field digital mammography systems installed and
recognized as revenue.
-- First Selenia Dimensions "Tomosynthesis/3-D" digital mammography
systems installed internationally and recognized as revenue while
building a backlog for delivery in future quarters.
-- Fourth quarter 2008 net loss was $144.4 million or $0.56 per diluted
share, calculated in accordance with generally accepted accounting
principles in the U.S. (GAAP). This net loss included significant
charges relating to the Third Wave acquisition.
-- Fourth quarter 2008 non-GAAP adjusted net income was $77.2 million, or
$0.30 per diluted share, and adjusted EBITDA (earnings before interest,
taxes, depreciation and amortization) was $155.3 million. A
reconciliation of GAAP to non-GAAP results is included as an attachment
to this press release.
-- Acquisition of Third Wave Technologies on July 24, 2008.
-- Term loan reduced from an initial balance of $540 million at July 24,
2008, to fund the Third Wave acquisition, to $465 million at September
27, 2008.
Fourth quarter fiscal 2008 revenues totale
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