SurModics (SRDX) PT Raised to $68 at Needham & Company Following Earnings
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Surmodics Reports Second Quarter Fiscal 2021 Results and Issues Fiscal 2021 Revenue and EPS Guidance
April 28, 2021 7:30 AM EDTEDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- Surmodics, Inc. (Nasdaq: SRDX), a leading provider of medical device and in vitro diagnostic technologies to the healthcare industry, today announced results for its fiscal 2021 second quarter ended March 31, 2021 and provided its financial outlook for its fiscal 2021.
Summary of Second Quarter and Recent Highlights
Revenue of $35.0 million, an increase of 53% year-over-year GAAP EPS of $0.58, non-GAAP EPS of $0.62 Successful first patient uses of two Sublime radial access platform devices Recognized $10.8 million in license fee revenue upon receipt of $15 million... More
