Print
Email
Print Edition Stories
MHT talks with Grant McGimpsey, director of the WPI Center for Neuroprosthetics
MHT's Galen Moore: MBTA expands bus tracking feeds
MHT's Julie Donnelly: Nanotechnology may spark next New England manufacturing revolution
Analogic Corp., a Peabody-based developer of medical imaging and security-detection technologies, said it cut 17 employees from its payroll in the fiscal quarter ended January 31, officially its second quarter of fiscal 2010.
The job reductions came roughly a year after Analogic (Nasdaq: ALOG) slashed its workforce by 145 employees, or 9 percent of its staff. In August another 60 were eliminated in Massachusetts, as was a portion of the company’s Canton operation.
The company also padded its bottom line in the most recent quarter on strong sales of its explosive-detection systems and improved cost management that boosted gross margins by roughly 5 percentage points.
Revenue for the most-recent three month period was $103.3 million, up 8 percent from the prior year’s take of $95.4 million. Product revenue totaled $98.6 million and rose 10 percent on a year-over-year basis. Within that product category, Analogic said security-technology sales more than doubled to $12.8 million, and it received some $17 million in new orders during the quarter.
Analogic said its gross margin for the quarter was just over 37 percent, compared with 32 percent in the year-earlier period.
Operating expenses were held in check at $33.2 million, a 7 percent increase over the $30.9 million recorded in fiscal 2009’s corresponding quarter. Analogic said it absorbed $764,000 in costs related to the quarter’s job cuts.
Net income for the quarter was $3.6 million, versus the $26,000 booked in 2009’s same span.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
