Surmodics (SRDX) Q4 Earnings And Revenues Beat Estimates
Zacks Investment Research | Nov 04, 2019 07:35AM ET
Surmodics, Inc. (NASDAQ:SRDX) delivered adjusted earnings per share (EPS) of 37 cents in fourth-quarter fiscal 2019 which surpassed the Zacks Consensus Estimate of 35 cents by 5.7%. Moreover, the bottom line significantly improved from the year-ago quarter’s 5 cents.
Reported EPS came in at 26 cents against reported loss per share of 13 cents a year ago.
Revenues in the quarter increased 33.8% year over year to $30.8 million. This figure beat the Zacks Consensus Estimate by 8%.
Fiscal Q4 Highlights
In the quarter under review, Product sales were $10.7 million, up 0.1% from the prior-year quarter. Royalty and license fee revenues totaled $16.8 million, up 62.8% from the prior-year quarter. Research, development and other were $3.3 million, up 64% year over year.
Surmodics, Inc. Price, Consensus and EPS Surprise
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