Mammotest boosts Fischer’s 1999 results

Article

X-ray and mammography vendor Fischer Imaging posted revenue increases for the fourth quarter and year (end-December), thanks to growth in its Mammotest stereotactic biopsy business and the restructuring of its operations last September. Mammotest sales

X-ray and mammography vendor Fischer Imaging posted revenue increases for the fourth quarter and year (end-December), thanks to growth in its Mammotest stereotactic biopsy business and the restructuring of its operations last September. Mammotest sales increased both in the U.S., through Fischer’s direct sales force, and in Europe, through its partnership with Johnson & Johnson’s Ethicon Endo-Surgery division (SCAN 10/29/97).

The company reported fourth quarter revenues of $16.3 million, up 9% from $15 million in the same period 1998, and net income of $398,000, compared to a net loss of $4.4 million in 1998. For the year, Denver-based Fischer’s revenues climbed 10%, from 1998’s $59.8 million to $66 million. Net loss for the year was $343,000, compared to a loss of $6.8 million in 1998.

Also during the fourth quarter, Fischer moved closer to filing a regulatory approval application with the Food and Drug Administration for its full-field digital mammography unit, SenoScan. The company has been in discussions with the FDA, according to Morgan Nields, chairman and CEO, and is in the process of evaluating whether to submit a 510(k) or a PMA.

Recent Videos
New Mammography Studies Assess Image-Based AI Risk Models and Breast Arterial Calcification Detection
Can Deep Learning Provide a CT-Less Alternative for Attenuation Compensation with SPECT MPI?
Employing AI in Detecting Subdural Hematomas on Head CTs: An Interview with Jeremy Heit, MD, PhD
Pertinent Insights into the Imaging of Patients with Marfan Syndrome
What New Brain MRI Research Reveals About Cannabis Use and Working Memory Tasks
Current and Emerging Legislative Priorities for Radiology in 2025
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 2
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 2
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 1
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 1
Related Content
© 2025 MJH Life Sciences

All rights reserved.