ThermoTrex Corporation Announces First Quarter Results
SAN DIEGO, Feb. 5 /PRNewswire/ -- Thermotrex Corp today reported revenues of $62,826,000 for the quarter
ended December 28, 1996, compared with $43,095,000 for the same period in fiscal 1996. Net income for the
quarter was $2,763,000, or $0.14 per share, compared with net income of $14,172,000, or $0.72 per share, last
year.
"Revenues increased 46 percent, primarily because of an increase in sales at our Trex Medical subsidiary, whose
results were positively affected by the inclusion of revenues from newly acquired XRE and Continental X-Ray as
well as demand for mammography and biopsy systems," said Gary Weinstein, chairman and chief executive
officer of ThermoTrex. "The rollout continues at our ThermoLase subsidiary, with eight spas now open and two
more slated to open to the public this month."
ThermoTrex Corporation manufactures general-purpose and specialized X-ray equipment as well as minimally
invasive breast-biopsy systems. In addition, the company offers personal-care products and laser-based
hair-removal services. ThermoTrex also conducts advanced technology R&D and is currently developing a laser
communication system, products for the medical imaging and avionics markets, and is pursuing industrial
applications for its advanced materials technology. ThermoTrex is a public subsidiary of Thermo Electron
Corporation.
ThermoTrex Corporation Financial Highlights
Three Months Ended
Dec. 28, 1996 Dec. 30, 1995
Revenues $62,826,000 $43,095,000
R&D Expenses 7,370,000 4,799,000
Income Before Provision
for Income Taxes 3,740,000 15,691,000
Net Income 2,763,000 14,172,000
Earnings per Share .14 .72
Weighted Average Shares 19,181,000 19,646,000 |
