This article is more than 5 years old. Information may no longer be current.

Visx CustomVue sales drive strong third quarter earnings

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

Visx Inc. reports that strong sales of its CustomVue LASIK system drove a 51% increase in license and other revenues for the third quarter of 2003.

This quarter was the first full quarter the CustomVue system was available, Visx noted in its earnings release, and the product generated 39% of the company’s $23.5 million in licensing revenue.

“Enthusiasm to adopt the CustomVue procedure is strong,” said Liz Davila, Visx chairman and chief executive officer, in the release. “We reported a record 145 WaveScan system sales in the quarter. Procedure volume was up over the second quarter.”

According to the company, revenues totaled $39.3 million for the quarter, a 28% increase from the $30.6 million reported during the same quarter 1 year ago. The company noted that net income was in line with its guidance for the quarter. However, it was impacted by a nonrecurring charge of $2.3 million associated with an accounts receivable balance with DVI Inc., a financing company that has filed for bankruptcy protection, the earnings release noted.