Molecular Imaging gets off to good revenue start in FY04
Mobile positron emission tomography (PET) supplier Molecular Imaging Corp. has released its unaudited results for its first fiscal quarter of 2004, ending Sept. 30. Revenues increased to $5.6 million, up 13 percent from $4.6 million in the first quarter of FY03. Gross profit rose to $2.1 million, compared with $1.5 million in the year-ago quarter.
Molecular Imaging credited a 24 percent decline in selling and marketing expenses for its heightened profit. For the quarter, the company also reported a loss of $408,049 from continuing operations, compared to losses from continuing operations of $821,974 in the year-ago quarter.
Molecular Imaging credited a 24 percent decline in selling and marketing expenses for its heightened profit. For the quarter, the company also reported a loss of $408,049 from continuing operations, compared to losses from continuing operations of $821,974 in the year-ago quarter.