AngioDynamics slides after Q1 revenue miss [Seeking Alpha]
AngioDynamics, Inc. (ANGO)
Last angiodynamics, inc. earnings: 4/7 07:00 am
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US:NASDAQ Investor Relations:
investors.angiodynamics.com/investor-relations
Company Research
Source: Seeking Alpha
The Latham, New York-based firm focused on vascular diseases reported $67.5M in net sales for the quarter compared to $67.9M in the consensus as its Med Device division underperformed. While ANGO's Med Tech division brought $28.0M in net sales with ~9% YoY growth, Med Device contracted, generating only $39.5M and implying a ~4% YoY drop. Gross margins at both businesses slumped, with the Med Tech business implying as much as a 160-bps drop in its gross margins for the quarter. However, AngioDynamics ( ANGO ) beat the consensus with its bottom line, as its adjusted net loss per share for the quarter fell ~31% YoY from the prior year period. As for guidance, the company reaffirmed its full-year outlook, indicating $282M-$288M in net sales and $0.38-$0.42 in adjusted net loss per share compared to $284M and $0.41 in the consensus. Recommended For You Comments More Trending News Recommended For You More Trending News
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ANGO
Earnings
- 10/3/24 - Miss
ANGO
Sec Filings
- 11/15/24 - Form 8-K
- 11/8/24 - Form SC
- 10/23/24 - Form SC
- ANGO's page on the SEC website