EOS Imaging Posts Strong Gains in FY2013

EOS Imaging made significant financial gains in its 2013 fiscal year (ended Dec. 31). The Paris, France-based company posted revenue of 15.17 million euros (approximately $21 million), up 61 percent compared with the previous year. The company sold 34 of its EOS imaging systems in 2013, compared with 21 in 2012. The EOS system is a full-body, low-dose 3-D orthopedic imaging system.

Equipment sales came in at 13.43 million euros, up 58 percent from 8.52 million euros in 2012. Sales of services increased by 71 percent from 900,000 euros in 2012 to 1.54 million euros in 2013.

EOS imaging now consolidates the sales of OneFit Medical, specialist in customized orthopedic solutions, which the company acquired last November. Sales of consumables and related services amounted to 200,000 euros for the last quarter.

In 2013, the company continued its expansion within the Europe and Middle East region, where it recorded strong revenue growth, doubling the number of systems sold (18 up from 9 in 2012) and posting a revenue of 8.29 million euros.

In North America, sales rose 13 percent from 4.33 million euros in 2012 to 4.91 million euros in 2013. Growth in this region was limited by shifts on several projects.

Following on the launch of its first unit in Singapore in 2012, EOS imaging further expanded its Asia-Pacific operations in 2013 with a successful entry into the Japanese market during the fourth quarter. As a result, sales in the region increased 105 percent to 1.97 million euros.

In Q4 2013 EOS imaging sold 17 systems and posted revenue of 7.48 million euros, up 62 percent from Q4 2012.

“We achieved excellent business results in 2013 reflected by a record number of systems sold and sharp revenue growth. We expect to sustain the strong momentum established last year into 2014. Our international presence keeps growing and will, in time, ensure a balanced contribution from each of the three main regions in which we operate and reduce our sensitivity to local fluctuations,” said Marie Meynadier, CEO of EOS Imaging. The adoption of EOS by a number of leading institutions is bolstering the strategic positioning of our technology and confirming the advantages of EOS as the most innovative skeletal imaging equipment on the market. Lastly, with our product plan and acquisition of OneFit last November, we continue to broaden EOS Imaging’s offering with new services and customized instruments produced by 3-D printing, thereby enabling the development of individual orthopedic solutions and expanding our opportunity to generate recurring revenue.”

In addition to its Paris base, the company has facilities in Besançon, France; Montreal, Canada; Frankfurt; Germany; U.S. headquarters in Cambridge, Mass.; and offices in Singapore.

Other recent EOS News:
www.odtmag.com/news/2013/12/02/first_center_in_japan_to_use_eos_imaging_system
www.odtmag.com/news/2013/10/18/eos_imaging_introduces_micro_dose_feature
www.odtmag.com/news/2013/05/28/eos_imaging_expands_in_asia