EOS announces revenue growth in Q2

Growth in equipment orders boosted financial results for orthopedic imaging technology developer EOS Imaging in the second quarter (end-30 June).

Second-quarter revenue totaled 3.4 million euros, of which 2.7 million euros came from maintenance, consumables, and services, while equipment sales contributed the remainder. The company also recorded total second-quarter revenue of 9.3 million euros, which includes a change in equipment order book value and represents a 16% gain over total revenue of 8 million euros in the second quarter of 2018.

Taking into consideration the same change in equipment order book value, total revenue for the six-month period rose to 18 million euros, up 3% from 17.5 million euros in the first half of 2018.

Mike Lobinsky, CEO of EOS Imaging, added that 30 orders for its orthopedic imaging systems, steady growth of the company's average selling price, and 33% growth in recurring revenues kept the company in line with its expectations through the midyear.

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