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Stock impact report

Surmodics Reports Second Quarter Fiscal 2020 Results and Provides COVID-19 Pandemic Update

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 announced results for its fiscal 2020 second quarter ended March 31, 2020, and suspended its financial guidance for fiscal 2020.Summary of Second Quarter and Recent HighlightsRevenue of $22.8 million, an increase of 1% year-over-yearGAAP EPS of $0.11, non-GAAP EPS of $0.04Cash and short-term investments of $48.4 millionCE Mark clearance received for Telemark™ coronary/peripheral support microcatheterPartnership announced with Cook Medical for commercialization of .014” and .018” low-profile PTA balloon catheters“Our customers depend on Surmodics as a critical supplier, with thousands of vital medical device procedures and in vitro diagnostic tests relying on our products every day. The health and safety of our employees is our top priority, and I want to thank our team for their courage and commitment thro Show less Read more
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