Surmodics Q4 Earnings and Revenues Beat Estimates, Margin Down [Yahoo! Finance]
Surmodics, Inc. (SRDX)
Last surmodics, inc. earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
surmodics.gcs-web.com/investor-overview
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Source: Yahoo! Finance
The metric beat the Zacks Consensus Estimate of a loss of 27 cents per share by 51.9%. GAAP loss per share for the quarter was 24 cents against the year-ago EPS of 47 cents . Revenues of $33.2 million rose 18.8% year over year. The figure surpassed the Zacks Consensus Estimate by 8.3%. The top line gained from solid year-over-year product sales growth from the Medical Device business, coupled with higher In Vitro Diagnostics sales. Surmodics operates via two reportable segments — Medical Device and IVD. Sales in the Medical Device segment totaled $25.8 million, up 22.4% from the year-ago level. Excluding SurVeil DCB license fee revenues, Medical Device revenues increased 20% to $23.9 million. Our model's projection for this segment's revenues was $23.8 million. The revenue growth in the Medical Device segment was primarily driven by product sales of $11.8 million, which rose 39% year over year, coupled with an increase in performance coating royalties and license fee reven
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SRDX
News
- Surmodics, Inc. (NASDAQ: SRDX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Surmodics, Inc. (NASDAQ: SRDX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Why Is SurModics (SRDX) Up 4% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Surmodics, Inc. (NASDAQ: SRDX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Surmodics, Inc. (NASDAQ: SRDX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SRDX
Earnings
- 5/1/24 - Beat
SRDX
Sec Filings
- 12/19/24 - Form DEFA14A
- 12/19/24 - Form DEF
- 12/6/24 - Form 4
- SRDX's page on the SEC website