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

n (Adiana) systems due to the Company's decision in 2012 to discontinue this product line.

Foreign currencies had a negligible impact on revenues compared with the third quarter of fiscal 2012.

Third quarter fiscal 2013 net loss was $11.0 million, or $0.04 per diluted share, compared with net income of $23.6 million, or $0.09 per diluted share, in the third quarter of fiscal 2012. Third quarter fiscal 2013 non-GAAP net income was $103.2 million, or $0.38 per diluted share, an increase of 11.5% and 8.6%, respectively, compared to $92.6 million, or $0.35 per diluted share, for the same period in the prior year.

For the nine months ended June 29, 2013, revenues totaled $1.87 billion. Excluding the effect of a net adjustment of $(19.7) million, primarily related to a purchase accounting adjustment recorded for contingent revenue earned and received under Gen-Probe's collaboration agreement with Novartis, non-GAAP revenues were $1.89 billion, an increase of 33.6% compared to revenues of $1.41 billion for the nine months ended June 23, 2012.

For the nine months ended June 29, 2013, Hologic reported a net loss of $58.9 million, or $0.22 per diluted share, compared with net income of $4.1 million, or $0.02 per diluted share, for the nine months ended June 23, 2012. The Company's non-GAAP net income of $298.9 million, or $1.10 per diluted share, for the nine months ended June 29, 2013, increased 10.9% and 8.9%, respectively, compared to $269.4 million, or $1.01 per diluted share, for the same period in the prior year.

The following non-GAAP financial measures are included in this press release: revenues, net income, earnings per diluted share (EPS), and adjusted EBITDA. The Company's definitions of these non-GAAP financial measures, and the reconciliations of these historical measures to the Company's comparable GAAP financial measures for the periods presented, are set forth in the supplemental information attached to this press releas
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SOURCE Hologic, Inc.
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