Endologix (ELGX) Posts Q4 Loss of $0.26/Share; Reaffirms FY19 Revenue Forecast

Endologix (NASDAQ: ELGX) reported Q4 GAAP EPS of ($0.26), which may not compare to the analyst estimate of ($0.20). Revenue for the quarter came in at $34.7 million versus the consensus estimate of $31.99 million.

“Our performance in the fourth quarter and second half of the year reinforces confidence in our strategic planning process and our ability to implement improvements. The objectives we accomplished during the second half of 2018 align with those we laid out during our second quarter earnings call as part of our strategic reset. As we enter 2019, our single biggest lever will be a consistent and unwavering application of individual and company-wide accountability. We will lean heavily on this lever throughout the year as the critical enabler of consistent delivery on our commitments to patients, customers, investors, and other stakeholders. We are determined to sustain the momentum generated over the last two quarters as we continue to take steps to improve the Company’s operational and financial footing. While there are still challenges ahead, the entire Endologix team remains singularly dedicated to data-driven superior outcomes in the treatment of AAA,” commented John Onopchenko, Chief Executive Officer of Endologix, Inc.

GUIDANCE:

The Company reaffirms its previously issued annual guidance and continues to expect 2019 revenue of at least $140 million. The Company anticipates revenue for the first quarter ending March 31, 2019 of approximately $35 million. The Company continues to expect 2019 operating expenses in the range of $130 million to $140 million.

For earnings history and earnings-related data on Endologix (ELGX) click here.

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