Earnings Call Summary | SurModics(SRDX.US) Q2 2024 Earnings Conference
Earnings Call Summary | SurModics(SRDX.US) Q2 2024 Earnings Conference
The following is a summary of the Surmodics, Inc. (SRDX) Q2 2024 Earnings Call Transcript:
以下是Surmodics, Inc.(SRDX)2024年第二季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Surmodics reported Q2 revenue growth of 18% to $32 million, exceeding expectations.
Medical Device segment's revenue increased by 26% to $24.8 million, and product sales increased by 40%.
The company reported a substantial improvement in profitability, including an $8 million shift to GAAP net income, and $7.4 million generated in cash flow from operations.
R&D expense decreased by 21% to $10.2 million, mostly because of lower SurVeil DCB related costs.
GAAP net income was $250,000 or $0.02 per share, compared to a net loss of $7.7 million in the previous year.
Non-GAAP net income was $1.1 million or $0.07 per share, compared to a net loss of $5.6 million in the prior year period.
Surmodics报告称,第二季度收入增长了18%,达到3200万美元,超出了预期。
医疗器械板块的收入增长了26%,达到2480万美元,产品销售额增长了40%。
该公司报告盈利能力大幅提高,包括向GAAP净收入转移800万美元,运营产生的现金流为740万美元。
研发费用下降了21%,至1,020万美元,这主要是由于SurveiL DCB的相关成本降低。
GAAP净收益为25万美元,合每股收益0.02美元,而去年的净亏损为770万美元。
非公认会计准则净收益为110万美元,合每股收益0.07美元,而去年同期的净亏损为560万美元。
Business Progress:
业务进展:
Surmodics capitalized on near-term growth catalysts in the vascular interventions portfolio, driven by sales of the SurVeil DCB, Pounce Thrombectomy, and Sublime radial access products.
Successful limited market evaluations led to the full commercial launch of the Pounce Venous and Pounce LP, and preside hydrophilic coatings have been integrated with customer devices.
SurVeil's commercial partner, Abbott, has expressed continued demand.
The company updated FY2024 revenue guidance to $122 million to $124 million, indicating their conservative business approach.
Surmodics plans to control expenses, manage capital, and deliver sustained improvements in profitability while continuing to grow.
在SurveIL DCB、Pounce Thrombectomy和Sublime径向通路产品的销售的推动下,Surmodics利用了血管介入产品组合中的短期增长催化剂。
成功的有限市场评估促成了Pounce Venous和Pounce LP的全面商业推出,并且Preside的亲水涂层已集成到客户设备中。
Surveil的商业合作伙伴雅培表示了持续的需求。
该公司将 FY2024 收入指引更新至1.22亿美元至1.24亿美元,这表明了其保守的商业方针。
Surmodics计划控制支出,管理资本,并在持续增长的同时持续提高盈利能力。
More details: SurModics IR
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