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

Imatron's 1995 results drop

Article

Ultrafast CT developer Imatron last week reported a $2.4 millionnet loss and sharply lower revenues for 1995 (end-December), butstruck an optimistic stance due to promising clinical resultsbeing reported on its technology. The South San Francisco,

Ultrafast CT developer Imatron last week reported a $2.4 millionnet loss and sharply lower revenues for 1995 (end-December), butstruck an optimistic stance due to promising clinical resultsbeing reported on its technology. The South San Francisco, CA,vendor said that the lower results were due to increased expensesrelated to the start-up of its HeartScan Imaging subsidiary, aswell as delays in securing orders in the Far East.

Imatron reported revenues for the year of $26.7 million, downfrom $33.6 million in 1994. The company's $2.4 million net lossfor 1995 compares with net income of $2.3 million in 1994.

For the fourth quarter, Imatron posted a net loss of $2.2 millionon revenues of $7 million, compared with net income of $700,000on sales of $10.8 million in the fourth quarter of 1994.

Imatron said the loss was attributable to expenses relatedto the building of a national network of HeartScan Imaging centers,which will provide coronary artery disease (CAD) screening directlyto the public, using Imatron's ultrafast CT scanners. Imatronopened centers in Houston and Seattle last year and laid the groundworkfor new centers in Washington, DC, and Pittsburgh.

Scanner sales were negatively affected by problems securingletters of credit from foreign banks. Two orders to China havebeen delayed, and others put on hold, Imatron said.

On the positive side, the company has been receiving mediaattention based on clinical reports of the utility of its technologyin detecting early signs of CAD (SCAN3/13/96). Imatron believesthat these studies will lay the foundation for increased consumerdemand for ultrafast CT CAD screening to be provided by HeartScancenters.

Recent Videos
Emerging Research at SNMMI Examines 18F-flotufolastat in Managing Primary and Recurrent Prostate Cancer
Could Pluvicto Have a Role in Taxane-Naïve mCRPC?: An Interview with Oliver Sartor, MD
New SNMMI President Cathy Cutler, PhD, Discusses Current Challenges and Goals for Nuclear Medicine
Where the USPSTF Breast Cancer Screening Recommendations Fall Short: An Interview with Stacy Smith-Foley, MD
A Closer Look at MRI-Guided Transurethral Ultrasound Ablation for Intermediate Risk Prostate Cancer
Improving the Quality of Breast MRI Acquisition and Processing
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?
Related Content
© 2024 MJH Life Sciences

All rights reserved.