Brief: Surmodics Reports Q1 Of Fiscal Year 2023 Financial Results

SurModics

06/02/2023 21:40

Feb 6 (Reuters) - Surmodics Inc  SRDX.O :
    * SURMODICS REPORTS FIRST QUARTER OF FISCAL YEAR 2023
FINANCIAL
RESULTS;  UPDATES FISCAL YEAR 2023 FINANCIAL GUIDANCE
    * QTRLY TOTAL REVENUE OF $24.9 MILLION, AN INCREASE OF 8%
YEAR-OVER-YEAR
    * EXPECTS FISCAL YEAR 2023 TOTAL REVENUE TO RANGE FROM $102
MILLION TO $106 MILLION
    * EXPECTS FISCAL 2023 GAAP DILUTED LOSS PER SHARE TO RANGE
FROM
$2.40 TO $2.00
    * NON-GAAP DILUTED LOSS PER SHARE IN FISCAL 2023 IS EXPECTED
TO
RANGE FROM $2.09 TO $1.69
    * QTRLY LOSS PER SHARE $0.56
    * QTRLY ADJUSTED LOSS PER SHARE $0.50
    * Q1 REVENUE VIEW $24.0 MILLION -- REFINITIV IBES DATA

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