Questions over Camtronics delay Analogic filing:
This article was originally published in Clinica
Analogic, the health and security systems maker, has had to delay the filing of its annual report with the US Securities and Exchange Commission a second time after missing an extended deadline. The company initially sought a 15-day extension until October 29 to review revenue recognition procedures at its cardiac information management systems subsidiary, Camtronics Medical Systems. The review initially focused on the fiscal fourth quarter ended July 31 2004, but it has now been expanded to earlier quarters of the year. The Peabody, Massachusetts-based parent company said Camtronics would account for less than 20% of fiscal 2004 revenues.