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OEC year-end numbers dip
Mobile C-arm manufacturer OEC Medical Systems last week postedlower income and revenues for its 1994 fiscal year (end-December).The Salt Lake City company said market pressures and delays inshipping its new Series 9600 mobile C-arm may have affected
Mobile C-arm manufacturer OEC Medical Systems last week postedlower income and revenues for its 1994 fiscal year (end-December).The Salt Lake City company said market pressures and delays inshipping its new Series 9600 mobile C-arm may have affected itsfinancial numbers.
Despite the dip, OEC was profitable last year by a wide margin.Revenues for the year were $98.2 million, a drop of 1.8% overthe $100 million in sales recorded in 1993. Net income was $8.7million, 11% lower than the $9.8 million registered in the previousyear.
OEC president and CEO David Rose said the company experiencedshipping delays in the second quarter for Series 9600. In addition,the company's year-end backlog has decreased by about one-thirdover last year due to lengthening sales cycles and market pressures.Still, OEC is experiencing increased acceptance of Series 9600and the company has successfully reduced operating expenses, accordingto Rose.