Advanced NMR reports higher 1994 sales

April 12, 1995

Specialty MRI developer Advanced NMR of Wilmington, MA, reported sales up sharply for1994 (end-December). The company had revenues for the year of$5.3 million, up 173% compared to $1.9 million the year before. Advanced NMR nearly cut its net loss for

Specialty MRI developer Advanced NMR of Wilmington, MA, reported sales up sharply for1994 (end-December). The company had revenues for the year of$5.3 million, up 173% compared to $1.9 million the year before.

Advanced NMR nearly cut its net loss for the year in half.Including its share of losses from its majority-owned AdvancedMammography Systems subsidiary, the company posted a net lossof $3.5 million, down from a $6.2 million net loss in 1993.

Advanced NMR said it expects to see significant revenue in1995 from its InstaScan echo-planar imaging retrofit package,as well as from sales of 3-tesla and 4-tesla MRI systems (SCAN6/1/94). In addition, sales from the Aurora scanner developedby Advanced Mammography Systems are expected to begin in 1995(SCAN 3/15/95).

Advanced NMR reported this month that it sold two InstaScansystems, bringing to 24 the total number of systems installedat clinics.