Lunar Expects Lower Revenues in the Third Quarter.MADISON, Wis.--(BUSINESS WIRE)--March 16, 1998--Lunar Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LUNR LUNR Land Use and Natural Resources Inventory System ) announced today that revenues for the quarter ended March 31, 1998 will likely be lower than the quarter ended March 31, 1997. Dr. Richard B. Mazess, president, said that sales of densitometers in the current quarter have been below expectations, especially in the United States and Asia. The company attributes the shortfall in Asia to recent currency shifts in that region. In the United States, demand has been shifting away from traditional hospital markets in favor of lower-priced systems for physician offices. Lunar is implementing new distribution channels to improve its access to these emerging markets. The company expects to announce new national distributor relationships in the near future for its existing physician-office products, and for its Achilles ultrasound densitometer A device that calibrates the relative strength of a color using complementary filters. Contrast with colorimeter. which is pending near-term FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval. Lunar develops products for the diagnosis and monitoring of osteoporosis and other diseases. The company develops and sells bone densitometers, which are specialized instruments used to aid in the diagnosis and monitoring of bone disease. The company also sells products for orthopedic imaging. Lunar is the exclusive United States distributor of the Artoscan Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. system, a dedicated extremity MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. device that sells for under $350,000. Lunar manufactures and sells the ORCA mini C-arm, a portable x-ray device used by surgeons to image extremities. CONTACT: Lunar Corp., Madison Robert A. Beckman, 608/288-6308 Fax: 608/274-0853 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion