Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Summit Technology ReportsRise in Third Quarter Revenues

Facebook Twitter LinkedIn Email Comments
WALTHAM, Mass., Nov. 8 -- Summit Technology Inc. reported a 43-percent increase in revenues from its laser vision correction business in the third quarter ended September 30, 1999. Total revenues for the company were $28.1 million, an increase of 21 percent from the $23.1 million recorded in the same period in 1998.
Summit reported a net loss for the quarter of $0.6 million, or one cent per diluted share, compared with net income of $1.6 million, or five cents per diluted share, in the third quarter of 1998. The net loss for the third quarter of 1999 included a net gain of $1.5 million, or three cents per diluted share, from the sale of 500,000 shares of LCA Vision. The company announced that it was continuing to make progress in the areas of system placements and procedure volume growth on both a year-to-year and sequential basis.

Photonics.com
Nov 1999
News & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.