SurModics: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 06, 2023, 05:15 PM ET
Last Updated - Jun 22, 2023, 11:04 PM EDT
EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — SurModics Inc. (SRDX) on Monday reported a loss of $7.8 million in its fiscal first quarter.
The Eden Prairie, Minnesota-based company said it had a loss of 56 cents per share. Losses, adjusted for amortization costs, came to 50 cents per share.
The drug delivery technology company posted revenue of $24.9 million in the period.
SurModics expects full-year results to range from a loss of $2.09 per share to a loss of $1.69 per share, with revenue in the range of $102 million to $106 million.
