Hologic Announces Third Quarter Fiscal 2008 Operati...(due to an increase in the number of mini...),Health

Date:7/30/2008

due to an increase in the number of mini C-arms sold and, to a lesser extent, an increase in the number of bone densitometry systems sold during the quarter. The operating income for this business segment in the third quarter of fiscal 2008 increased to $3.2 million compared to operating income of $188,000 in the third quarter of fiscal 2007. Skeletal Health costs and expenses in the third quarters of fiscal 2008 and 2007 included $0.4 million and $0.3 million, respectively, of stock-based compensation.

Third Wave Technologies:

On July 24, 2008, Hologic completed the acquisition of Third Wave for approximately $600 million. In connection with this acquisition the Company entered into amended credit agreement providing $400 million of senior secured tranche A and $140 million of senior secured tranche B term loans.

Tomosynthesis Update:

Earlier today we received a letter from the FDA requesting additional information in connection with our PMA application for our new 3-D full field digital mammography system (Tomosynthesis). We are confident we have the necessary data, will begin compiling the information, and expect to respond shortly. Considering the response time and the scheduling of a panel review we are now expecting approval to market this product in the U.S. in the first calendar quarter of 2009. Our launch of the product outside the U.S. remains on track for shipments in our December 2008 quarter.

Financial Guidance:

-- Fourth quarter fiscal 2008 revenues are expected to increase to $438 - $439 million, driven by an increase of Selenias sold of 434 and the inclusion of Third Wave. This is expected to result in total fiscal 2008 revenues of approximately $1.67 billion.

-- Total Selenias expected to be sold are now 1,665 in fiscal 2008, up from prior guidance of 1,655.

-- The inclusion of Third Wave for just over two months is expected to be dilutive to Hologic's Q4 and fiscal 2008 results. In connection
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SOURCE Hologic, Inc. Copyright©2008 PR Newswire. All rights reserved

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