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AngioDynamics(ANGO) - 2024 Q1 - Quarterly Report
2023-10-04 16:00
Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |--------------------------------------------------------------------------------------------| | For the transition period from to Commission file number 0-50761 | | AngioDyn ...
AngioDynamics(ANGO) - 2024 Q1 - Earnings Call Transcript
2023-10-04 14:35
Financial Data and Key Metrics Changes - Revenue for Q1 FY '24 was $78 million, representing a year-over-year growth of approximately 6%, driven by a 13% increase in the MedTech segment [8][20] - Adjusted pro forma EPS was a loss of $0.13, in line with expectations, excluding approximately $700,000 in sales from divested businesses [8][26] - Gross margin for Q1 FY '24 was 50.8%, a decrease of 20 basis points compared to the previous year [23] Business Line Data and Key Metrics Changes - MedTech revenue was $25.9 million, a 13.3% year-over-year increase, while Med Device revenue was $52.1 million, growing 2.3% compared to the first quarter of FY '23 [20] - NanoKnife business grew approximately 36% during the first quarter, with sales of probes growing 35% [11] - Mechanical thrombectomy business, including AngioVac and AlphaVac, declined roughly 6% year-over-year, with AngioVac revenue at $6.3 million, down 7.7% from the prior year [13][21] Market Data and Key Metrics Changes - International businesses grew 26% year-over-year, with strong growth from both MedTech and Med Device segments [12] - U.S. disposable growth for NanoKnife was 28%, while international markets saw a 44% growth [35] Company Strategy and Development Direction - The company aims to address treatment gaps in high-growth markets, focusing on cardiovascular disease and cancer [9] - Plans to submit data to the FDA in Q3 2024 to support an expanded indication for NanoKnife to treat prostate tissue [10] - The company is pursuing plans to gain an indication for Auryon to treat coronary artery disease [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of NanoKnife and the mechanical thrombectomy business, highlighting positive physician feedback [11][38] - The company anticipates FY '24 revenue in the range of $328 million to $333 million, with expected gross margins of 50% to 52% [29][30] Other Important Information - The company revised its annual equity grant practice for non-employee directors, impacting adjusted loss per share for the quarter [26] - Cash and cash equivalents at the end of Q1 FY '24 were $57.6 million, up from $44.6 million at the end of FY '23 [28] Q&A Session Summary Question: Can you break out NanoKnife growth U.S. versus internationally? - U.S. disposable growth was 28%, while international growth was about 44% [35] Question: What is the outlook for AlphaVac growth? - AlphaVac is expected to improve with ongoing clinical studies and design enhancements planned for next year [38] Question: Can you provide an update on Auryon installations? - The company finished the quarter with approximately 415 total lasers in the field, with a focus on driving utilization rather than new system placements [41] Question: What is the sustainability of NanoKnife performance internationally? - The company believes the strong growth is sustainable, supported by training and clinical support for partners [44] Question: How is the company balancing Med Tech growth with cash generation from Med Device? - The company aims to grow its Med Tech segment while maintaining stability from the Med Device segment, which currently provides cash flow [49]
AngioDynamics(ANGO) - 2023 Q4 - Annual Report
2023-08-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-----------------------------------------------------------------------|----------------------------------------------------------------------------------|---------------------------- ...
AngioDynamics(ANGO) - 2023 Q4 - Earnings Call Transcript
2023-07-12 15:13
AngioDynamics, Inc. (NASDAQ:ANGO) Q4 2023 Earnings Conference Call July 12, 2023 8:00 AM ET Company Participants Jim Clemmer - President and Chief Executive Officer Steve Trowbridge - Executive Vice President and Chief Financial Officer Conference Call Participants Jason Bedford - Raymond James Bill Plovanic - Canaccord Genuity Matthew Mishan - KeyBanc Capital Markets Operator Good morning, and welcome to the AngioDynamics Fourth Quarter and Fiscal Year 2023 Earnings Call. At this time, all participants are ...
AngioDynamics(ANGO) - 2023 Q4 - Earnings Call Presentation
2023-07-12 15:12
1 ANGIODYNAMICS Fourth Quarter 2023 Earnings Presentation July 12, 2023 Forward-Looking Statement Notice Regarding Forward-LookingStatements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans an ...
AngioDynamics(ANGO) - 2023 Q3 - Earnings Call Presentation
2023-03-30 18:10
ANGIODYNAMICS Third Quarter 2023 Earnings Presentation March 30, 2023 1 Forward-Looking Statement Notice Regarding Forward-LookingStatements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans an ...
AngioDynamics(ANGO) - 2023 Q3 - Quarterly Report
2023-03-30 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |--------------------------------------------------------------------------------------------| | For the transition period from to Commission file number 0-50761 | | Angio ...
AngioDynamics(ANGO) - 2023 Q3 - Earnings Call Transcript
2023-03-30 14:59
AngioDynamics, Inc. (NASDAQ:ANGO) Q3 2023 Earnings Call Transcript March 30, 2023 8:00 AM ET Company Participants Jim Clemmer - CEO Steve Trowbridge - CFO Conference Call Participants Brett Fishbin - KeyBanc Steven Lichtman - Oppenheimer Jayson Bedford - Raymond James Bill Plovanic - Canaccord Operator Good morning, and welcome to the AngioDynamics Fiscal Year 2023 Third Quarter Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal pres ...
AngioDynamics, (ANGO Investor Presentation - Slideshow
2023-03-15 17:49
Raymond James 44th Annual Institutional Investors Conference March 6, 2023 Jim Clemmer, President & CEO Stephen Trowbridge, Executive Vice President & CFO Notice Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, produ ...
AngioDynamics(ANGO) - 2023 Q2 - Earnings Call Presentation
2023-01-05 16:18
ANGIODYNAMICS Second Quarter 2023 Earnings Presentation January 5, 2023 1 Forward-Looking Statement Notice Regarding Forward-LookingStatements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans ...