EndoChoice (GI) Misses Q2 EPS by 16c

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EndoChoice Announces Second Quarter 2015 Financial Results

August 6, 2015 7:30 AM EDT

ALPHARETTA, Ga., Aug. 6, 2015 /PRNewswire/ -- EndoChoice Holdings, Inc. (NYSE: GI) announced today financial results for the second quarter 2015.

Highlights

Total revenue of $18.6 million, up 27% year-over-year, before currency impact Shipped 27 Fuse® systems; 86 systems installed since launched Completed initial public offering, raising $94.5 million in net proceeds to fund commercial expansion; refinanced and expanded debt facility Guidance provided for 2015

Mark Gilreath, Founder and Chief Executive Officer of EndoChoice, said, "We delivered strong results in the second quarter, with total revenue growth of 27% in... More