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Hologic Announces Third Quarter Fiscal 2013 Operating Results
Date:8/5/2013

nterest rate on the Term B by 75 basis points, increased flexibility to return capital to shareholders and voluntarily prepaid $200 million of the Term B.
  • July 30, 2013 – On-line publication in Radiology of a large clinical study by radiologists at Yale University School of Medicine that found the addition of Tomosynthesis technology to conventional 2D mammography in breast cancer screening resulted in a 30% reduction in the overall recall rate.
  • July 23, 2013 – Announced U.S. Food and Drug Administration (FDA) approval of Hologic's Aptima HPV assay for use on the Company's Panther molecular testing platform.
  • July 18, 2013 – Announced the appointment of Jack Cumming as President and Chief Executive Officer.
  • July 15, 2013 – Announced the commercial release of Affirm, the world's first 3D guided breast biopsy option.
  • A reconciliation of historical GAAP to non-GAAP results is included as an attachment to this press release.

    Third Quarter Fiscal 2013 Operating Results Overview: Third quarter fiscal 2013 revenues totaled $626.1 million, an increase of 33.2% compared to revenues of $470.2 million in the third quarter of fiscal 2012.

    The increase in revenues compared to the same period in the prior year was driven primarily by:

  • The inclusion of Gen-Probe revenues;
  • Record placements of 3D Dimensions tomosynthesis systems;
  • An increase in service revenues from the Company's increased installed base of digital mammography systems; and
  • Higher sales of MyoSure hysteroscopic tissue removal (MyoSure) systems and breast biopsy products.
  • The overall revenue increase was partially offset by lower year-over-year sales of:

  • Legacy Hologic Diagnostics products, primarily ThinPrep;
  • NovaSure endometrial ablation (NovaSure) systems;
  • 2D Selenia and 2D Dimensions mammography systems; and
  • Adiana permanent contraceptio
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  • SOURCE Hologic, Inc.
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