• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

ATL's third-quarter sales and net rise

Article

ATL is a company hitting on all cylinders, if one doesn't countthe legal arena. The Bothell, WA, ultrasound vendor this monthreported financial results for its third quarter (end-September)that show revenues and net income growing at a healthy pace.

ATL is a company hitting on all cylinders, if one doesn't countthe legal arena. The Bothell, WA, ultrasound vendor this monthreported financial results for its third quarter (end-September)that show revenues and net income growing at a healthy pace.

For the period, ATL posted revenues of $100.3 million, up 6%compared with $94.7 million in the third quarter of 1995. Netincome rose to $3.8 million, compared with a net loss of $742,000last year, when ATL took a one-time charge. The company's grossmargin rose to a record 49.1%, compared with 46.1% in the sameperiod last year.

ATL said both its HDI 3000 and Apogee 800 Plus scanners wereturning in strong sales. The company's revenue growth suggeststhat arch-rival Acuson's gains with its Sequoia platform are notcoming at ATL's expense. Sequoia sales were the engine behinda 24% increase in Acuson revenues (see story, page 1).

ATL's year-to-date profit numbers are not quite so rosy, however,due to a massive $29.6 million charge taken earlier this yearto pay for an unfavorable judgment in patent litigation with SRIInternational (SCAN 7/31/96). ATL is appealing the ruling.

For the first nine months of 1996, ATL has reported a net lossof $12.4 million on revenues of $293.7 million. This compareswith a net loss of $180,000 on sales of $280.4 million in thesame period a year ago.

Related Videos
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Assessing the Impact of Radiology Workforce Shortages in Rural Communities
Emerging MRI and PET Research Reveals Link Between Visceral Abdominal Fat and Early Signs of Alzheimer’s Disease
Reimbursement Challenges in Radiology: An Interview with Richard Heller, MD
Nina Kottler, MD, MS
The Executive Order on AI: Promising Development for Radiology or ‘HIPAA for AI’?
Related Content
© 2024 MJH Life Sciences

All rights reserved.