earnings
confidence high
sentiment neutral
materiality 0.60
AngioDynamics Q1 sales up 5.9% to $81.5M, GAAP loss $0.33/sh, reaffirms FY2023 outlook
ANGIODYNAMICS INC
2023-Q1 EPS reported
-$0.33
revenue$81,537,000
- Net sales of $81.5M increased 5.9% YoY; GAAP net loss of $13.0M or $0.33 per share vs $0.18 loss a year ago.
- Med Tech net sales $22.8M (+29.6%), driven by Auryon (+50.0%) and thrombectomy (+31.8%); Med Device declined 1.1% to $58.7M.
- Gross margin 51.9% down 20 bps; adjusted loss per share $0.06 vs $0.02 in prior year.
- FY2023 guidance reaffirmed: net sales $342-348M, gross margin 52.5%-54.5%, adjusted EPS $0.01-$0.06.
- New $75M credit facility with $30M term loan (drawn $25M); cash $24.6M; AlphaVac F18 full market release commenced.