Analogic Corporation (NASDAQ: ALOG)
On Wednesday June 1st 2016, Analogic Corporation will report their third-quarter earnings after the market closes. For those who may not be familiar with the company, Analogic is a U.S.A.-based Multinational Corporation located in Massachusetts, which provides delicate instrumentation for a variety of very important American needs. The two most important and well-known areas are Healthcare and Security technology. In the health-care area- think of ultrasound, mamography, MRI- areas of their main concentrations. The company develops and manufactures instruments that aid doctors in discovering and diagnosing symptoms and issues in people’s health. In the area of security- think of when you or someone you know has to walk through a security check on their way to board a plane,train or other mass transit facility. Security agents are likely using Analogic devices to see what may or may not be hidden on the body of a person entering one of these travel venues.
The company has come in with mixed earnings reports going back two quarters ago. One was a beat, and one was a meeting of analysts estimates. It will be interesting to see how the company does in the earnings report next week.
Company Comments On Recent Products Launch
Jim Green, president and CEO, commented, “As an original inventor of CT Technology, Analogic has been engineering and manufacturing CT for medical imaging for more than 40 years. CT is the medical breakthrough of our time; we no longer hear of exploratory surgery. And where human health is concerned, we don’t get an X-ray, we get a CT and a definitive diagnosis.
“After 9-11, the US Government came to Analogic asking us to engineer a system based on our CT technology that could auto detect threats in baggage headed to an aircraft, and that technology is now used in over 1,000 systems across the world. CT has become the gold standard for high-speed automatic threat detection screening for checked luggage at airports worldwide; why not at the checkpoint?” Green said.
He continued, “ It pains me to see the frustration that passengers face waiting in airport security lines, knowing that we have a proven solution that can cut their wait time in half, make air travel safer and much more convenient, and we can do it today. Over the last few years we’ve trialed our current checkpoint CT at multiple airports in the US and more recently in Europe where they are planning a move to this technology. Today, London’s Luton airport operates our current generation system in their daily operations, providing a significant reduction in passenger wait times.”-GlobeNewsWire
Analogic Corporation, a technology company, designs, manufactures, and sells medical imaging, ultrasound, and security systems and subsystems to original equipment manufacturers (OEMs) and end users in the healthcare and airport security markets worldwide. The company operates in three segments: Medical Imaging, Ultrasound, and Security and Detection. The Medical Imaging segment provides medical imaging systems and subsystems, including computed tomography (CT) detector systems, data acquisition systems, data management systems, and integrated gantries; gradient and radio frequency amplifiers; and detector plates, as well as motion control devices for use in computer-controlled automation systems. This segment sells its products directly. The Ultrasound segment designs, manufactures, and sells ultrasound systems and transducers primarily under the BK Ultrasound brand name for use in the urology, surgery, anesthesia, and point-of-care markets. It also offers its products for cardiology, radiology, OB/GYN, and interventional radiology applications. This segment sells its products through its direct sales force, as well as through a network of independent sales representatives and distributors. The Security and Detection segment designs and manufactures automated threat detection CT systems for aviation baggage inspection applications. This segment sells its CT checkpoint systems under the COBRA brand name to government agencies and international airports. It also offers rapid DNA analysis systems to analyze multiple human DNA samples to provide DNA fingerprints. This segment sells its products primarily through multinational OEM partners. The company was founded in 1967 and is headquartered in Peabody, Massachusetts.-YahooFinance