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Stock impact report

Surmodics (SRDX) Q2 Earnings Top Estimates, '24 View Up [Yahoo! Finance]

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: Yahoo! Finance
The metric beat the Zacks Consensus Estimate of a loss of 36 cents per share by 119.4%. GAAP EPS for the quarter was 2 cents, narrower than the year-earlier loss of 55 cents per share. Revenues in Detail Surmodics registered revenues of $31.9 million in the fiscal second quarter, up 18% year over year. The figure surpassed the Zacks Consensus Estimate by 11%. The top line was boosted by solid year-over-year product sales growth from the Medical Device business. Excluding SurVeil drug-coated balloon (DCB) license fee revenues, total revenues increased 19% year over year to $30.9 million. Segmental Analysis Surmodics operates via two reportable segments — Medical Device and IVD. In the reported quarter, sales in the Medical Device segment summed $24.8 million, up 26% from the year-ago quarter. Excluding SurVeil DCB license fee revenues, Medical Device revenues increased 29% to $23.7 million year over year. This figure compares to our Medical Device fiscal second-quarter Show less Read more
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