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Medical equipment industry

FluoroScan Imaging Systems Inc. Reports Gains in Net Sales and Pre-Tax Earnings

Strategic Insights

— 2 min read

FluoroScan Imaging Systems Inc., the inventor and pioneer of mini C-arm imaging systems, announced significant gains in net sales and pre-tax earnings for the quarter ended March 31, 1995. The company reported a 25% increase in net sales, reaching $2,490,922, compared to $2,000,506 in the same period of 1994. Pre-tax earnings rose 8% to $538,822, from $497,178 in the previous year. Net income for the quarter was $340,622, or 10 cents per share on average shares outstanding of 3,506,538. The company's strong sales gain is attributed to increased demand for its new 4-inch and 5-inch field of view models of the FluoroScan, as well as the initial impact of its newest model featuring a VGA video enhancement.

Key Takeaways:

  • Net sales increased by 25% to $2,490,922, compared to $2,000,506 in the same period of 1994.
  • Income before income taxes rose by 8% to $538,822, from $497,178 for the same period of 1994.
  • Net income for the quarter was $340,622, or 10 cents per share on average shares outstanding of 3,506,538.
  • The strong sales gain is attributed to increased demand for the new 4-inch and 5-inch field of view models of the FluoroScan and the initial impact of the newest model featuring a VGA video enhancement.
  • Implementing effective marketing programs and providing new product samples to independent sales representatives increased the company's cost of sales and had a near-term impact on earnings.
  • FluoroScan Imaging Systems Inc. manufactures and distributes low-intensity, real-time x-ray imaging devices that provide high-resolution images at radiation levels and a cost well below those of conventional x-ray and fluoroscopic equipment.
  • The company markets and sells its products primarily to healthcare customers in the U.S. through a national network of independent sales representatives and sales representative organizations.
  • Internationally, the company markets, sells, and services its products through independent distributors who purchase units from the company for resale to their customers.

Statistics:

  • Net sales: $2,490,922 (1995) vs. $2,000,506 (1994)
  • Income before income taxes: $538,822 (1995) vs. $497,178 (1994)
  • Net income: $340,622 (1995) vs. $514,678 (1994)
  • Average shares outstanding: 3,506,538 (1995) vs. 2,787,303 (1994)
  • Tax expense: $198,200 (1995) vs. $17,500 (1994)

Sources:

  • Business Wire, May 9, 1995: "FluoroScan Imaging Systems Inc. Reports Gains in Net Sales and Pre-Tax Earnings for the Quarter Ended March 31, 1995"
  • NASDAQ, NM:FLRO - FluoroScan Imaging Systems Inc. (NASDAQ, NM)

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