January 31, 2008 - Hologic Inc., a diversified medical technologies company specializing in diagnostics, imaging systems and interventional devices dedicated to serving the healthcare needs of women, today announced its results for the quarter ended December 29, 2007.
Highlights of the quarter include:
- Record revenues of $371.4 million
- Merger with Cytyc Corporation on Oct. 22, 2007 contributes $158 million of revenue (for 10 of 13 weeks)
- Record 384 Selenia full field digital mammography systems installed and recognized as revenue
- Record backlog of $244.5 million for historical businesses (mammography/breast care/skeletal health)
- Issued $1.725 billion of convertible senior notes (at 2 percent interest)
- Term loan balance reduced to $295 million at Dec. 29, 2007
- Reported net loss of $358.6 million due primarily to non-cash charges related to the Cytyc merger
- Hologic was added to the Nasdaq-100 index on Dec. 24, 2007
For more information: www.hologic.com