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HOLOGIC, INC. ANNOUNCES INCREASE IN THIRD QUARTER 1992 RESULTS

 HOLOGIC, INC. ANNOUNCES INCREASE IN THIRD QUARTER 1992 RESULTS
 WALTHAM, Mass., July 30 /PRNewswire/ -- Hologic, Inc. (NASDAQ: HOLX) today announced its results for the third quarter ended June 30, 1992, reporting net income of $653,731, or 16 cents per share, compared with net income of $319,365, or 8 cents per share, for the third quarter of fiscal 1991. Third quarter revenues increased 70 percent to $7,703,508, from $4,524,870, for the third fiscal quarter of 1991 and increased 18 percent from $6,535,210 from the second fiscal quarter of 1992.
 Net income for the nine months ended June 30, 1992, totaled $1,457,054, or 36 cents per share, compared to $326,436, or 8 cents per share, for the nine months ended June 30, 1991. Total revenues increased 56 percent to $19,707,086 for the current nine-month period when compared to $12,635,481 for the corresponding period in 1991.
 "Our direct presence in Europe, which we established earlier this year with sales and service operations in Brussels, Paris and Madrid, has helped to increase overall product sales this quarter to a record level," said S. David Ellenbogen, president and CEO. "Looking toward the fourth quarter, it is expected that the continued success of our flagship product, the QDR-2000 Supine Lateral Bone Densitometer, will help to offset an anticipated seasonal slowdown in sales activity. Overall, we believe our expanded presence in European markets coupled with the success of the QDR-2000 will lead to continued strong long-term performance."
 Hologic, Inc. develops, manufactures and markets proprietary x-ray systems. With more than 1,000 installations worldwide, the company's QDR x-ray bone densitometers are used for the precise measurement of bone density to assist in the diagnosis and monitoring of osteoporosis and other metabolic bone diseases. Osteoporosis, a condition characterized by decreased bone density and increased risk of fractures, occurs in at least one of three women over the age of 65.
 HOLOGIC, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (Unaudited)
 Three Months Ended Nine Months Ended
 June 30, June 30, June 30, June 30,
 1992 1991 1992 1991
 Revenues:
 Product sales $7,364,993 $3,852,304 $19,084,353 $10,412,129
 Research and
 development contract 0 494,332 0 1,599,495
 Interest and other
 income 338,515 178,234 622,733 623,857
 Total 7,703,508 4,524,870 19,707,086 12,635,481
 Cost and Expenses:
 Cost of product
 sales 3,846,758 2,141,918 9,753,078 6,069,762
 Research and dev. 930,021 821,952 2,598,044 2,937,815
 Selling and marketing 1,301,759 574,383 3,101,655 1,700,375
 General and
 administrative 691,239 509,252 2,174,255 1,440,093
 Total 6,769,777 4,047,505 17,627,032 12,148,045
 Income before provision
 for income taxes 933,731 477,365 2,080,054 487,436
 Provision for income
 taxes 280,000 158,000 623,000 161,000
 Net income $653,731 $319,365 $1,457,054 $326,436
 Net income per common
 and common equivalent
 share:
 Primary 16 cents 8 cents 36 cents 8 cents
 Weighted average number of
 common and common equivalent
 shares outstanding:
 Primary 4,057,624 4,041,961 4,053,928 4,046,102
 HOLOGIC, INC. AND SUBSIDIARIES
 Consolidated Balance Sheets
 June 30, Sept. 30,
 1992 1991
 (unaudited) (audited)
 CURRENT ASSETS:
 Cash and cash equivalents $4,142,016 $9,032,209
 Short-term investments 7,688,197 2,833,745
 Accounts receivable,
 less reserve of $125,000 4,875,692 3,431,287
 Inventories 4,353,607 2,894,246
 Prepaid expenses and
 other current assets 862,716 446,531
 Total current assets 21,922,228 18,638,018
 PROPERTY AND EQUIPMENT, at cost:
 Equipment 1,320,690 1,211,037
 Furniture and fixtures 392,529 295,654
 Leasehold improvements 247,305 158,075
 Total 1,960,524 1,664,766
 Less - Accumulated depreciation
 and amortization 776,879 561,220
 Total 1,183,645 1,103,546
 Other Assets, net 117,938 67,914
 Total $23,223,811 $19,809,478
 Liabilities and Stockholders' Equity
 June 30, Sept. 30,
 1992 1991
 (unaudited) (audited)
 CURRENT LIABILITIES:
 Accounts payable $2,238,030 $1,129,450
 Accrued expenses 2,177,568 1,632,475
 Deferred revenue 662,763 373,354
 Total current liabilities 5,078,361 3,135,279
 STOCKHOLDERS' EQUITY:
 Common stock, $.01 par value-
 Authorized - 10,000,000 shares
 Issued and outstanding - 3,905,625
 and 3,866,317 shares at
 June 30, 1992, and Sept. 30, 1991,
 respectively 39,056 38,663
 Capital in excess of par value 13,824,042 13,783,832
 Cumulative translation adjustment (26,406) 0
 Retained earnings 4,308,758 2,851,704
 Total stockholders' equity 18,145,450 16,674,199
 Total $23,223,811 $19,809,478
 -0- 7/30/92
 /CONTACT: S. David Ellenbogen, president, or Glenn Muir, vice president/finance, both of Hologic, Inc., 617-890-2300/
 (HOLX) CO: Hologic, Inc. ST: Massachusetts IN: MTC SU: ERN


CN -- NE005 -- 4902 07/30/92 08:04 EDT
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Date:Jul 30, 1992
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