Welcome!

News Feed Item

EOS imaging Reports Sharp 45% Increase in Revenues in the First Half of 2014

EOS imaging (Euronext, FR0011191766 – EOSI – Eligible for PEA: French SME Share Savings Schemes) (Paris:EOSI), the pioneer in 2D/3D medical orthopedic imaging, today announced its consolidated half-year revenues for the period ended June 30, 2014.

€m June 30, 2014   June 30, 2013   % Change
Sales of equipment 5.86   4.31 36%
as a % of total revenues 82%   88% -
Sales of services 0.93 0.60 55%
as a % of total revenues 13%   12% -
Sales of consumables and related services 0.32 - n/a
as a % of total revenues 5%   -  
Total revenues 7.12   4.91 45%
Figures subject to limited review
  • Sharp increase in sales in the first half of 2014: up 45% to €7.12 million

The Company sold 15 EOS® systems during the first half, compared to 11 during the same period last year. With a stable average selling price of €391,000, revenues from sales of equipment totaled €5.86 million, an increase of 36%.

Sales of services, which were driven by the increase in installed equipment under contracts, rose by 55% to €0.93 million compared with €0.60 million last year.

Sales of consumables and related services by the Company’s OneFit Medical subsidiary amounted to €0.32 million in the first half of 2014.

  • The strong growth in international sales was driven by momentum in Europe and Asia in the first half of 2014
€m June 30, 2014   June 30, 2013   % Change
EMEA 3.22   2.28 41%
North America 1.18 2.63 -55%
Asia Pacific 2.72   - n/a
Total revenues 7.12   4.91 45%
Figures subject to limited review

EOS recorded excellent sales momentum in Asia during the first half of 2014, which included the sale of seven systems, generating revenues of €2.72 million.

The performance in Asia offset the impact of the downturn recorded in the North American market, where sales decreased by 55% to €1.18 million in the first half of 2014, compared with €2.63 million at the end of June 2013.

EOS continued to register robust growth in the EMEA Region (+41%), where it generated revenues of €3.22 million as compared to €2.28 million last year.

  • Acceleration in growth in the second quarter of 2014: up 65% to €4.96 million
€m   2014   2013
  Q1   Q2   Q1   Q2
Sales of equipment 1.56   4.30 1.60   2.71
as a % of total revenues   72%   87%   73%   90%
Sales of services 0.45 0.48 0.30 0.30
as a % of total revenues   21%   10%   27%   10%
Sales of consumables and related services 0.15 0.17 - -
as a % of total revenues   7%   3%   -   -
Total revenues   2.16   4.96   1.90   3.01

Figures subject to limited review

EOS imaging sold 11 EOS® systems in the second quarter of 2014 and generated revenues of €4.96 million, an increase of 65% as compared to the second quarter of 2013.

Marie Meynadier, CEO of EOS imaging, made the following comments: “Our positive half-year performance reflects the ongoing adoption of our technology in new markets. Our excellent momentum in the Asian and European markets enabled us to register strong growth during the half-year despite a challenging environment for capital equipment in the North American market. We are pursuing our marketing strategy in order to ensure the increased adoption of EOS in the three major markets where we currently operate.”

For more information, please visit www.eos-imaging.com.

About EOS imaging:

EOS imaging designs, develops, and markets EOS®, a revolutionary and patented medical imaging system, based on technology that enabled George Charpak to win the Nobel Prize for Physics. The Company is authorized to market the system in 31 countries, including the United States (FDA), Japan, Canada, Australia and the European Union (EU). Backed by an installed base of 90 sites and more than 400,000 imaging sessions, EOS® benefits from worldwide recognition within the global medical community. As of December 31, 2013 the Group posted 2013 consolidated revenue of €15.2 million and employed 101 people including an R&D team of 38 engineers. The Group is based in Paris and holds four subsidiaries in Besançon (France), Cambridge (Massachusetts), in Montreal (Canada) and Frankfurt (Germany), and offices in Singapore. For further information, please visit www.eos-imaging.com

EOS imaging is listed on Compartment C of Euronext Paris

ISIN: FR0011191766 – Ticker: EOSI

Next press release: 2014 first half results, on Sept. 1, 2014 (after market).

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...