Endologix (ELGX) Posts Q2 Loss of $0.28/Share; Lowers Outlook

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Go back to Endologix (ELGX) Posts Q2 Loss of $0.28/Share; Lowers Outlook

Endologix Reports Second Quarter 2018 Financial Results

August 9, 2018 4:02 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (NASDAQ: ELGX), a developer and marketer of innovative treatments for aortic disorders, today announced financial results for the second quarter ended June 30, 2018.

The Company reported global revenue of $44.7 million in the second quarter of 2018, a decrease of 7.9% from $48.6 million in the second quarter of 2017, as strong growth in AFX® sales in Japan and Ovation® sales in the U.S. were offset by lower U.S. sales of AFX®, and softness in the Latin American market. Gross profit of $29.6 million in the second quarter represented gross margin of... More