AngioDynamics Lifts Outlook Despite Widening 3Q Loss

Dow Jones04-02
 

By Connor Hart

 

AngioDynamics raised its full-year outlook after logging higher sales in its fiscal third quarter, though its loss widened as expenses increased.

The medical-technology company said Thursday it now expects sales of $313.5 million to $315.5 million for the year, compared with a prior view of $312 million to $314 million.

It also now expects an adjusted loss of 30 cents a share to 23 cents a share, compared with a prior outlook of 33 cents a share to 23 cents a share.

Analysts polled by FactSet are looking for an adjusted loss of 29 cents a share on sales of $312.9 million.

The new outlook came as AngioDynamics posted a loss of $8.08 million, or 19 cents a share, for its quarter ended Feb. 28. That compares with a loss of $4.41 million, or 11 cents a share, a year earlier.

Stripping out one-time items, the company notched a loss of 7 cents a share. Analysts had expected the company to break even on an adjusted basis.

Total operating expenses increased to $54.4 million from $48.8 million, driven by higher research-and-development and sales-and-marketing costs.

Quarterly sales rose 9% to $78.4 million, topping Wall Street models for $76.8 million.

Medical technology sales climbed 19%, to $37.3 million, while medical device sales ticked up 1.1%, to $41.1 million.

Shares were down 1.3%, at $12.10, in premarket trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

April 02, 2026 06:30 ET (10:30 GMT)

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