Positron sales dropped in `93

May 4, 1994

The struggling PET market contributedto bleak financial results for PET camera manufacturer Positron,which reported a sharp drop in scanner sales last year. The Houston-basedcompany reported system sales of $650,000 in 1993 (end-December),compared to

The struggling PET market contributedto bleak financial results for PET camera manufacturer Positron,which reported a sharp drop in scanner sales last year. The Houston-basedcompany reported system sales of $650,000 in 1993 (end-December),compared to $4.2 million in 1992.

With the addition of service and component income, total revenuelast year was $2.4 million, compared to $6.6 million the prioryear. The company reported a net loss for the year of $3.3 million,compared to $1.7 million the year before.

Positron went public late last year in an initial public offeringthat netted the firm $14.3 million (SCAN 2/2/94). The companyis hoping that a distribution agreement signed last year withElscint will help pump up international sales (SCAN 6/30/93).