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

Positron reports positive financial results

Article

Based on sales of its Posicam PET systems during the past nine months, Positron of Houston has announced record earnings. Growth in the modality has helped fuel Positron's recovery.The company reported third quarter (ended Sept. 30) revenue of $3.4

Based on sales of its Posicam PET systems during the past nine months, Positron of Houston has announced record earnings. Growth in the modality has helped fuel Positron's recovery.

The company reported third quarter (ended Sept. 30) revenue of $3.4 million, compared with $385,000 for the same period a year ago. In addition, Positron had a $1.1 million profit for the first nine months, compared with $108,000 for the same period in 1999.

Positron was plucked from the financial brink a year and a half ago by EBCT manufacturer Imatron (SCAN, 5/13/98). That company saw an opportunity in Japan, where hospitals were developing cardiac scanning facilities that would employ both PET and ultrafast CT. As Imatron gained majority ownership of Positron, Imatron CFO Gary Brooks took over as Positron's CEO.

Imatron has divested most of its Positron shares, and now owns 16% of its stock, Brooks said. Imatron CEO Lewis Meyer remains Positron's board chairman.

"We're gearing up and settling some obligations from years past," said Mike Golden, Positron's controller. "We're looking for incremental growth."

Related Videos
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?
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
Related Content
© 2024 MJH Life Sciences

All rights reserved.