DALLAS, March 8, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring TomoTherapy Inc. (Nasdaq:TOMO). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
TomoTherapy Inc. (TOMO) engages in the development, marketing and sale of advanced radiation therapy solutions that can be used to treat a wide variety of cancers, from the most common to the most complex. TOMO markets its products to hospitals and cancer treatment centers in the Americas, Europe, the Middle East and Asia-Pacific, and offers customer support services in each region directly or through third-party distributors.
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In the report, the analyst notes:
"Shares of TOMO rallied almost 25% yesterday on news that the radiation treatment company will be acquired by bigger rival Accuray Inc. for approximately $277 million - a combination expected to create a premier radiation oncology company. Accuray will acquire TOMO for $4.80 per share in cash and stock, which is nearly a 31% premium over TOMO's $3.67 closing price on Friday, March 4."
"TOMO reported revenue of $62.1 million for the fourth quarter of 2010, an increase of 7% from $58.0 million in the fourth quarter of 2009. Revenue from product sales was $48.1 million in the fourth quarter of 2010, up 8% compared to the same quarter last year, and revenue from service and other was $13.9 million in the fourth quarter of 2010, up 5% compared to the same quarter last year."
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