Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Jinsong Du with Credit Suisse. Please proceed with your question.
Jinsong Du - Credit Suisse
First of all, on the FISH business, could you tell us the split, the detail split between the probes and the microscopes in terms of the sales?
Sam Tsang
We already -- equipment is 94 units, and so actually the FISH reagent revenue increased rapidly if you look on the numbers of FISH equipment sales. And so currently, it’s about over 30% of our total FISH revenue for the reagents, while last quarter it accounted for only about 20%. It’s more than 30% this quarter.
Jinsong Du - Credit Suisse
Right, and do you expect maybe in the coming quarter the FISH probe sales will exceed the microscope sales?
Sam Tsang
Definitely, because we already expect the FISH reagents will continue to grow and the equipment sales -- you know, we are selling the equipment to the tier one large hospitals in China, so there will be a point in time that the equipment sales will stabilize or even go down, while the recurring FISH reagent sales will continue to grow.
Jinsong Du - Credit Suisse
So for the next quarter, basically the last quarter, the March ’08 quarter, the probes revenue will exceed the equipment revenue for FISH?
Sam Tsang
I don’t think it is an appropriate time to comment on the amount --
Jinsong Du - Credit Suisse
Okay, what --
Sam Tsang
-- at this point in time. But definitely say the equipment -- we still expect the equipment sales for FISH to at least achieve a similar level of December quarter in the March quarter and also at the same time, the FISH reagent revenue should continue to grow.
Jinsong Du - Credit Suisse
Sure. How about the backlog for the microscopes so far at the end of the quarter?
Sam Tsang
I think the indication we expect to achieve a similar level of FISH equipment sales is an indication already.
Jinsong Du - Credit Suisse
Okay, so basically the number you --
Sam Tsang
The December quarter, we sold 94, so you can expect that we, what our expectation is from this number.
Jinsong Du - Credit Suisse
I see. How about the backlogs for HIFU?
Sam Tsang
Thirty-six.
Jinsong Du - Credit Suisse
Thirty-six? That -- but is that -- that because of the snowstorm, maybe some of them are not going to be delivered on time during the quarter?
- To read the full transcript on Seeking Alpha, click here »
