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Medical equipment industry

Positron Corporation Reports 490% Revenue Growth in 2Q 1995

Strategic Insights

— 1 min read

Positron Corporation announced a significant increase in revenues, fueled by the shipment of two POSICAM(TM) systems, leading to a 490% revenue growth in the second quarter of 1995. The company's revenues rose to $2,986,000 from $506,000 in the same quarter of 1994, with gross profit increasing to $1,193,000 from $306,000. The net loss narrowed to $(538,000) or $(0.15) per share in the second quarter of 1995, compared to $(1,028,000) or $(0.28) per share for the year-ago quarter.

Key Takeaways:

  • Revenues increased by 490% in the second quarter of 1995, reaching $2,986,000, up from $506,000 in the same quarter of 1994.
  • Gross profit rose to $1,193,000 in the second quarter of 1995, from $306,000 in the year-ago period.
  • The net loss narrowed to $(538,000) or $(0.15) per share in the second quarter of 1995, down from $(1,028,000) or $(0.28) per share for the year-ago quarter.
  • Positron Corporation shipped two POSICAM(TM) systems during the quarter.
  • The company received three orders and experienced a significant increase in customer inquiries since Medicare approved the reimbursement of cardiac PET using Rubidium-82 in March 1995.
  • Positron Corporation is aggressively educating medical professionals on the clinical and economic benefits of using PET technology.
  • The company is exploring alternative transaction methods, including installment sales, lease transactions, and pay-per-scan.

Statistics:

  • 490% revenue growth in the second quarter of 1995.
  • $2,986,000 total revenue in the second quarter of 1995.
  • $1,193,000 gross profit in the second quarter of 1995.
  • $(538,000) net loss in the second quarter of 1995.
  • $(0.15) net loss per share in the second quarter of 1995.
  • 13% revenue growth for the six months ended June 30, 1995.
  • $3,418,000 total revenue for the six months ended June 30, 1995.
  • $1,355,000 gross profit for the six months ended June 30, 1995.

Sources:

  • "HOUSTON, Aug. 10 /PRNewswire/".
  • Positron Corporation (Nasdaq-NNM: POSI, POSIW).
  • Positron Corporation's press release dated August 10, 1995.

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