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Stock impact report

Surmodics Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Surmodics, Inc. (SRDX) 
Last surmodics, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: surmodics.gcs-web.com/investor-overview
Company Research Source: Business Wire
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Surmodics, Inc. (Nasdaq: SRDX), a leading provider of medical device and in vitro diagnostic technologies to the healthcare industry, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024.Fourth Quarter Fiscal 2024 Financial SummaryTotal Revenue of $33.2 million, an increase of 19% year-over-yearTotal Revenue excluding SurVeil™ drug-coated balloon (“DCB”) license fee revenue(1) of $31.3 million, an increase of 17% year-over-yearGAAP net loss of $(3.4) million, compared to net income of $6.7 million in the prior-year periodAdjusted EBITDA(2) of $4.4 million, compared to $1.7 million in the prior-year periodFiscal 2024 Financial SummaryTotal Revenue of $126.1 million, compared to $132.6 million in the prior-year period which included $25.0 million in license fee revenue recognized upon receipt of a $27.0 million milestone payment associated with obtaining FDA premarket approval of the SurVeil DCBTotal R Show less Read more
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