SOURCE: Spacelabs Healthcare

September 05, 2007 07:30 ET

Spacelabs Healthcare, Inc. Fourth Quarter & Fiscal 2007 Segment Results

HAWTHORNE, CA--(Marketwire - September 5, 2007) - OSI Systems, Inc., the majority shareholder of Spacelabs Healthcare, Inc. (LSE: SLAB) ("Spacelabs" or the "Company"), today announced its fourth quarter and fiscal 2007 segment operating results for its healthcare business.

                               Fourth   Fourth   %    Fiscal   Fiscal   %
                               Quarter  Quarter       2007     2006
                               2007     2006
                               -------  -------  ---  -------  -------  --
Revenue                        $68.5m   $58.8m   16%  $233.2m  $220.6m  6%
Income (loss) from Operations  $4.3m    $6.5m         $(4.7)m  $14.7m

The results for Spacelabs Healthcare are being reported as part of OSI System's healthcare segment. As such, these results are segment results as defined by U.S. GAAP, and therefore differ from those that would be reported for Spacelabs Healthcare on a stand-alone basis. These results do not reflect certain costs and expenses relating to services provided by OSI Systems to Spacelabs Healthcare during the quarter.

Spacelabs Healthcare will issue its fiscal 2007 results on Tuesday, September 11, 2007. A conference call will be held on the aforementioned date to discuss the financial results.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the Company's expectations, goals or intentions about the future, including, the Company's future earnings expectations. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in our Securities and Exchange Commission filings. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.

Contact Information

  • For further information, please contact:

    Spacelabs Healthcare, Inc.
    Tel: + 1 (310) 717 9182
    Jeremy Norton
    Director, Investor Relations

    Piper Jaffray
    Tel: + 44 (0) 20 7 743 8739
    David Rasouly