Note 4 - INVENTORIES Inventories were as follows: March 31, December 31, 1999 1998 ----------------- ---------------- (In thousands) Purchased parts and sub-assemblies $ 2,892 $ 2,863 Service parts 1,938 1,883 Work-in-progress 3,724 3,177 Finished products 4,773 6,510 ----------------- ---------------- $ 13,327 $ 14,433 ================= ================
December 31, --------------------- - 1999 1998 -------- ------- (In thousands)
Purchased parts and sub-assemblies $ 4,272 $ 2,863
Service parts 1,747 1,883
Work-in-progress 4,718 3,177
Finished products 2,228 6,510
------- ------- $12,965 $14,433
Sold 7 the 1st qtr 2000
September 30, December 31, 1999 1998 --- (In thousands)
Purchased parts and sub-assemblies $2,880 $ 2,863
Service parts 1,485 1,883
Work-in-progress 3,463 3,177
Finished products 3,177 6,510
----------------- ---------------- $ 11,005 $ 14,433
sold 7 the last quarter 1999
June 30, 1999 1998 --- (In thousands)
Purchased parts and sub-assemblies $ 2,640 $ 2,863
Service parts 1,693 1,883
Work-in-progress 4,303 3,177
Finished products 3,570 6,510 ---------------- ----------------
$ 12,206 $ 14,433
sold 6
March 31, December 31, 2000 1999 - (In thousands)
Purchased parts and sub-assemblies $4,828 $ 4,272
Service parts 1,859 1,747
Work-in-progress 7,150 4,718
Finished product 3,120 2,228
----------------- ---------------- $ 16,957 $ 12,965
December 31, -------------------- 1999 1998 ------- ------ (In thousands) Warranty and product upgrades $ 3,436 $2,175 Deferred income on sale leaseback transactions 114 616 Customer deposits 1,362 225 Employee compensation 1,372 1,090 Deferred service revenues 2,017 1,619 Other 1,817 2,253 ------- ------ $10,118 $7,978 ======= ======
March 31, December 31, 2000 1999 ----------------- ---------------- (In thousands) Purchased parts and sub-assemblies $4,828 $ 4,272 Service parts 1,859 1,747 Work-in-progress 7,150 4,718 Finished products 3,120 2,228 ----------------- ---------------- $ 16,957 $ 12,965 ================= ================
At the beginning of the second quarter my take on the above is? Purchased parts and sub-assemblies $4,828 (6 machines) Work-in-progress 7,150 (8 machines) Finished products 3,120 (3 machines) We could sell 11 machines this quarter with a gross profit of $7 Million. On sales of $18 Million.
IMAT own's 9M shares of POSC who sold 5 PET scanners this week.
Total revenue for the three months ended March 31, 2000 of $11,348,000 increased $6,118,000 or 117% compared to revenues of $5,230,000 for the same period in 1999. Net product revenues increased to $9,608,000 in 2000 from $3,348,000 in 1999 due to shipment of 7 scanners in 2000 compared to 2 in 1999. Scanners sold in 2000 include 3 refurbished<b/> scanners which resulted in a lower average selling price as compared to the average selling price in 1999. Service revenues decreased in 2000 to $1,615,000 from $1,617,000 in 1999 due to a slight decrease in service contract revenues offset by an increase in spare parts shipped. Other product sales represent revenues from Caral's machining and fabrication services. Other product sale decreased to $125,000 in 2000 from $265,000 in 1999 due to a decrease in sales to external customers and an increase in intercompany sales. Total cost of revenues as a percent of revenues for the three months of 2000 was 55% as compared with 95% in 1999. Product cost of revenues as a percent of product revenues decreased to 53% in 2000 from 97% in 1999 due to shipment of 7 scanners with higher gross margins compared to 2 scanners in 1999. The decrease in cost of product sales was partly due to an increase in scanner production levels in 2000 as compared to 1999, resulting in a higher absorption of factory overhead expenses. Service cost of revenues as a percent of service revenues decreased to 65% in 2000 as compared to 91% in 1999 due to improved margins on spare parts shipped and decreased warranty costs. Other product cost of revenues as a percent of other product revenues increased to 106% in 2000 from 98% in 1999 due to decreased sales to external customers. |
