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Article: Summit Technology Reports Third Quarter Financial Results; System Revenues Up 73% and Procedure Volume Up 79% Over Prior Year.
- Article from:
- Business Wire
- Article date:
- November 4, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 4, 1999--
Summit Technology, Inc. (NASDAQ:BEAM) announced its third quarter results today. In the third quarter the Company continued to make substantial progress in the key areas of system placements and procedure volume growth on both a year to year and sequential basis. Key third quarter highlights and milestones include:
Financial Results
-- Revenues for the third quarter from the Company's laser vision correction business increased 43%. Total revenues for the three months ended September 30, 1999 increased 21% to $28.1 million from $23.1 million for the three months ended September 30, 1998.
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