nal expansion remains
strong, as the InLight product platform continues to be adopted around the
globe. The second quarter saw us close the single largest order in
Landauer's history, as we signed a $2 million agreement to provide our
InLight dosimetry equipment to the National Dosimetry Services of Health
Canada to support Canada's nationwide Emergency Response Strategy. Landauer
has delivered approximately $750,000 of finished products in the fiscal
quarter ended March 31, 2008 under the contract. We believe the recent
ventures in Australia and Mexico and product sales into Italy, and now
Canada, affirm the superiority of InLight's OSL technology."
InLight Equipment and International Expansion Fuels Revenues, Earnings
for Quarter, Six Months
Revenues for the second quarter of fiscal 2008 were $23.7 million, a 10
percent increase compared with $21.6 million at this time last year.
Domestic revenue rose 5 percent or $939,000 for the quarter, due primarily
to InLight equipment sales. International revenue increased 26 percent, or
$1.2 million, led by growth in most regions, strong InLight service and
equipment growth, the impact of favorable currency translation and the
addition of a new subsidiary in Mexico.
Cost of sales increased 5 percent from the same quarter last year,
while the gross margin expanded to 68 percent from 67 percent in the year
ago period. Selling, general and administrative expenses for the second
fiscal quarter grew 13 percent, or $709,000. Factors contributing to the
increase included international spending to support growth, the impact of
foreign exchange, higher salary and benefits related to staff additions,
and investments in sales and marketing resources.
Net income for the most recent quarter grew 8 percent to $6.4 million,
compared with $5.9 million a year ago. Earnings per diluted share for the
three months were $0.69 versus $0.65 in 2007.
For the six months ended on March 31, 2008, revenues increased Page: 1 2 3 4 5 6 7 Related medicine news :1
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