RaySearch Laboratories AB (publ) Interim Report, January 1 - September 30, 2006.Co Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the period amounted to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 47.8 M (50.7) Co Profit after tax was SEK 16.5 M (21.0) Co Earnings per share after tax totaled SEK 1.44 (1.86) Co Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. amounted to SEK 22.5 M (29.0) Co Cash flow from operating activities was SEK 16.9 M (32.7) STOCKHOLM, Sweden -- Johan LEf, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RaySearch Laboratories AB, comments on the first nine months of the year as follows: "On a quarterly basis, an increase in sales and earnings is now noticeable again. During the third quarter, sales increased 13 percent and net profit by 20 percent compared with the year-earlier period. However, the poor results noted in the second quarter had a highly adverse impact on trends during the first nine months of the year. Since our range of products is increasing steadily and our established products still have considerable future potential, our view of growth development is optimistic. It was extremely gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. being able to announce just over two weeks ago that the agreement with Philips pertaining to adaptive radiation adaptive radiation, in biology, the evolution of an ancestral species, which was adapted to a particular way of life, into many diverse species, each adapted to a different habitat. therapy has been finalized. Although the negotiations had been unexpectedly protracted pro·tract tr.v. pro·tract·ed, pro·tract·ing, pro·tracts 1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations. 2. , this was one of the most important milestones in RaySearch's history. We are now entering into cooperation with Philips, during which we will jointly develop the next generation of treatment-planning systems for adaptive radiation therapy. Within the framework of this cooperation, three products will be developed. Adaptive radiation therapy enhances geometrical precision by taking into account changes in the patient's anatomy during the actual treatment. This greater precision facilitates the supply of higher doses to the tumor and simultaneously reduces the risk of side effects Side effects Effects of a proposed project on other parts of the firm. . Philips occupies a leading position in the treatment-planning market and the two companies' cooperation within intensity modulated radiation therapy, IMRT IMRT Intensity-modulated radiation therapy Radiation oncology A format for delivering high-dose RT to regions–eg, nasopharynx, that are surrounded by radiation-sensitive areas; in IMRT, a broad radiation field is divided into hundreds of small pencil beams, , has been a major factor in RaySearch's healthy development. In view of this, we have great hopes that the joint development project that is now being started will also be successful. I would again like to point out that adaptive radiation therapy will be an area of vital importance to RaySearch's continued expansion. We expect our continued cooperation with Princess Margaret Hospital There are several Princess Margaret Hospitals :
At the beginning of the year, RaySearch and Scanditronix-WellhEfer entered into cooperation concerning new products for the quality assurance of IMRT. The system, which has been named COMPASS, was demonstrated last week for doctors and physicians from various parts of the world at ASTRO, the annual radiation therapy meeting, which was held in Philadelphia, Pennsylvania, in the US. COMPASS is a revolutionary system for faster and more thorough quality assurance of radiation treatments. The conventional quality-assurance method is both time-consuming and costly. We were gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the favorable reactions our demonstrations received at the fair. Today, we are pleased to announce that RaySearch and Nucletron are now initiating cooperation in treatment planning of proton radiation therapy of cancer. The companies entered into a long-term development and license agreement today that will result in a pioneering system for treatment planning and optimization of radiation therapy with protons. This cooperation is in line with RaySearch's business concept to provide innovative software for radiation therapy of cancer. This advanced application fits well with our expertise profile and will contribute to a broadening of the ORBIT platform with ground-breaking functionality. Nucletron is contributing the background knowledge within the physics of protons, which is extremely valuable." Stockholm, November 16, 2006 RaySearch Laboratories AB Johan LEf, CEO The following files are available for download at http://www.waymaker.net This information was brought to you by Waymaker http://www.waymaker.net |
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