Ongoing digitizer slump affects Lumisys Q3 results

November 1, 1997

Ongoing digitizer slump affects Lumisys Q3 resultsA slowdown in the film digitizer market continues to impact the financial performance of film digitizer company Lumisys. The Sunnyvale, CA-based firm reported a 2% increase in revenues for its

Ongoing digitizer slump affects Lumisys Q3 results

A slowdown in the film digitizer market continues to impact the financial performance of film digitizer company Lumisys. The Sunnyvale, CA-based firm reported a 2% increase in revenues for its third quarter.

Although sales showed signs of rebounding, revenues for the period (end-September) were $6 million, compared with $5.9 million for the third quarter in 1996. Net income was $616,000 compared with $817,000 in the same period last year.

The company also reported that the low-cost computed radiography reader it is developing for the medical market is on track for a late-1999 launch (PNN 5/97). Engineers at CompuRad will also be working on the CR project, once that company's acquisition is finalized.