Analogic (NSDQ:ALOG) shares jumped today in pre-market trading after the imaging equipment maker posted fiscal second-quarter numbers that blew past the consensus forecast. Peabody, Mass.-based Analogic, which late last year announced plans to pursue the sale of the company, posted profits of $6.5 million, or 52¢ per share, on sales of $126.7 million for the three […]
Analogic
These 10 medtech companies care a lot about research
Among the world’s largest medtech companies, these 10 spent the largest portion of their budgets on research and development. So what have they produced? Every year, Medical Design & Outsourcing pulls financial regulatory filings and reaches out to major, companies in some cases to create a list of the 100 largest medical device companies in […]
Oncura Partners shareholders sue Analogic over claimed fraudulent acquisition scheme
Former Oncura Partners owners are seeking more than $24 million in a suit against Analogic (NSDQ:ALOG), claiming it engaged in a fraudulent scheme to avoid paying for Oncura after agreeing to acquire it in January 2016. In the suit, filed July 31, Oncura owners claim that Analogic agreed to pay for their shares in the business […]
Medtech stocks: the best and worst of Q1 2017
More than four-fifths of the 100 largest medical device companies in the world saw their stock prices increase during the first three months of 2017, according to a Medical Design & Outsourcing analysis of how the stocks of our Big 100 companies are faring. The situation suggests that even with the uncertainty around what the […]
Analogic shares dip despite Q2 earnings Beat
Shares in Analogic (NSDQ:ALOG) fell today despite the medical device maker meeting expectations on Wall Street with its 2nd quarter results. The Peabody, Mass.-based company posted profits of $7.5 million, or 59¢ per share, on sales of $130.3 million for the 3 months ended Jan. 31, with the bottom-line swinging from the red while sales grew […]
Analogic CEO Green steps away | Personnel Moves Nov 4, 2016
Analogic (NSDQ:ALOG) said late last month its prez and CEO James Green has stepped away from his position to pursue other opportunities. Company director and former Enovate Medical exec chair and CEO Dr. Fred Parks has been named to take over Green’s position. “Jim Green led Analogic during a period of meaningful development and growth, and […]
Feds level wage discrimination charges at Analogic
Analogic (NSDQ:ALOG) is facing a suit from the U.S. Department of Labor alleging that it engaged in discriminatory pay practices against female assembly workers at its Peabody, Mass.-based headquarters, according to an official notice posted yesterday. The U.S. DoL said it filed a lawsuit within its Office of Administrative Law Judges based on a compliance review […]
BK Medical gets $15m from Analogic over SEC charges
The U.S. Securities & Exchange Commission said today that Analogic (NSDQ:ALOG) agreed to pony up $15 million to settle civil and criminal charges brought over violations of the Foreign Corrupt Practices Act. The SEC said Peabody, Mass.-based Analogic’s Danish subsidiary, BK Medical, ran hundreds of sham transactions with distributors to funnel some $20 million to 3rd parties, […]
Analogic faces $15m bribery settlement, misses on Q1 earnings but shares stay strong
Analogic (NSDQ:ALOG) said yesterday it may face a $15 million settlement with the U.S. gov’t over a foreign corruption investigation, and released 1st quarter 2016 earnings that missed on forecasted EPS and rev, but saw shares stay strong. The Peabody, Mass.-based company said the SEC rejected a $1.6 million settlement it made in September over an investigation […]
Analogic shares droop on Q1 prelims, lowered FY2016 outlook
Analogic (NSDQ:ALOG) released lower-than-expected preliminary earnings results for its 1st quarter of fiscal year 2016, lowering its outlook for the year and seeing stocks slump in response. The company said it expects revenue of approximately $115 million for the quarter, below the Street’s expectations of $122.3 million. Analogic did not release sales numbers, but said it […]
Angiodynamics CFO Frost resigns, moves to Analogic | Personnel Moves
AngioDynamics (NSDQ:ANGO) said today its CFO and exec veep Mark Frost resigned from his position to join Analogic (NSDQ:ALOG) as senior veep, treasurer & CFO. AngioDynamic’s veep and global controller Michael Trimach will serve as Interim CFO as the company searches for a permanent replacement. The Albany, N.Y.-based company said Frost will stay on to facilitate a smooth […]
