Core Insights - AngioDynamics, Inc. reported a narrower-than-expected loss per share of $0.10 for Q1 fiscal 2026, surpassing the Zacks Consensus Estimate of a $0.14 loss, and showing improvement from the previous year's adjusted loss of $0.11 per share [1][6] - The company's revenue for the quarter was $75.71 million, slightly below the estimated $75.94 million, but still represents a 12.2% increase from the previous year, driven by a 26.1% increase in its Med Tech segment [2][6] - Following the earnings report, AngioDynamics raised its fiscal year 2026 sales outlook to a range of $308 million to $313 million, indicating confidence in continued growth [2][6] Financial Performance - The pro-forma adjusted figures showed a GAAP loss per share of $0.26, an improvement from the previous year's loss of $0.32, despite a negative price-to-earnings (P/E) ratio of -14.44 [3] - The company's gross profit margin increased to 55.3%, which is 90 basis points higher than the previous year, although GAAP-calculated earnings were lower than the adjusted profit of $0.10 per share [4] - AngioDynamics maintains a strong liquidity position with a current ratio of 2.29, indicating it has more than twice the amount of current assets compared to its current liabilities [3] Market Reaction - Following the earnings report, AngioDynamics' stock surged by 10.5% by 11:25 a.m. ET, reflecting investor confidence in the company's performance and future prospects [4] - Despite financial ratio challenges, such as a price-to-sales ratio of 1.53 and an enterprise value to operating cash flow ratio of -49.91, the company continues to focus on its core operations [5]
AngioDynamics, Inc. (NASDAQ: ANGO) Surpasses Q1 Fiscal 2026 Earnings Expectations