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AngioDynamics, Inc. (NASDAQ: ANGO) Surpasses Q1 Fiscal 2026 Earnings Expectations
Financial Modeling Prep· 2025-10-07 05:00
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]
RxSight, Inc. Appoints Raymond W. Cohen to Its Board of Directors
GlobeNewswire News Room· 2025-08-04 12:05
Core Insights - RxSight, Inc. has appointed Raymond W. Cohen to its Board of Directors, which is expected to enhance the company's growth strategy and market reach in the ophthalmic medical device sector [1][2]. Company Overview - RxSight, Inc. specializes in ophthalmic medical devices, focusing on providing customized vision solutions for patients post-cataract surgery [4]. - The company's flagship product, the RxSight® Light Adjustable Lens system, is the first commercially available intraocular lens technology that can be adjusted after surgery, allowing for tailored vision outcomes [4]. Leadership Experience - Raymond W. Cohen brings over 40 years of experience in the medical technology industry, having co-founded Axonics, Inc., which achieved over $1 billion in revenue within four years of its launch and was acquired by Boston Scientific for $3.7 billion in 2024 [2][3]. - Cohen has held various leadership roles in multiple healthcare companies, indicating a strong background in scaling medical technology businesses [3]. Strategic Vision - Cohen sees significant potential for RxSight to strengthen its position in the premium intraocular lens market and aims to support the company's growth in revenue and profits [3]. - The company aims to expand the reach of its Light Adjustable Lens system, thereby benefiting more physicians and patients [2][3].