AngioDynamics (ANGO) Reports In-Line Q4 EPS, Revenues Miss

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Go back to AngioDynamics (ANGO) Reports In-Line Q4 EPS, Revenues Miss

AngioDynamics Reports Fiscal 2020 Fourth Quarter and Full-Year Financial Results

July 16, 2020 7:00 AM EDT

Fiscal 2020 Fourth Quarter Highlights

Net sales of $58.3 million decreased 18.1% compared to the prior-year quarter Gross margin declined 630 basis points year over year to 51.8% GAAP loss per share of $4.10, inclusive of approximately $4.14 of goodwill impairment; adjusted loss per share of $0.06 Cash and cash equivalents on May 31, 2020 were $54.4 million, compared to $52.2 million at the end of the third quarter when accounting for $27.2 million in cash and equivalents on hand at February 29, 2020, plus the subsequent $25.0 million draw on the Companys revolver

Full-Year 2020... More