Hologic 3Q revenues and backlog soar

Revenues boomed for Hologic last quarter. In the three-month period ended June 26, the provider of women's diagnostic imaging systems brought in $59,225,000, a 13% increase compared with revenues of $52,332,000 in the same quarter 2003. Net income was $3,325,000, or 15¢ per diluted share, compared with net income of $1,019,000 or 5¢ per diluted share in the previous year's period. Driving the improvements was a continued shift in product sales to the higher margin Selenia digital mammography system. Hologic installed 37 Selenia full-field digital mammography systems during the third quarter. At the end of 3Q, 80 Selenias were on backlog, and total product backlog exceeded $58 million.