ANGIODYNAMICS INC
For the period ended Nov 30, 2023. Filed Jan 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 8, 2024
ANGO$12.07-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands of dollars, except per share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2023 | Nov 30, 2022 | |
| Net sales | $79,073 | $85,429 | $157,752 | $166,966 |
| Cost of sales (exclusive of intangible amortization) | 38,811 | 40,351 | 77,430 | 79,583 |
| Gross profit | 40,262 | 45,078 | 80,322 | 87,383 |
| Operating expenses: | ||||
| Research and development | 8,658 | 6,838 | 16,599 | 15,171 |
| Sales and marketing | 25,464 | 26,007 | 52,832 | 52,550 |
| General and administrative | 9,289 | 10,835 | 20,145 | 20,936 |
| Amortization of intangibles | 3,562 | 4,808 | 7,187 | 9,645 |
| Change in fair value of contingent consideration | 221 | 1,646 | 91 | 1,857 |
| Acquisition, restructuring and other items, net | 6,188 | 3,059 | 9,400 | 8,640 |
| Total operating expenses | 53,382 | 53,193 | 106,254 | 108,799 |
| Gain on sale of assets | — | — | 47,842 | — |
| Operating income (loss) | (13,120) | (8,115) | 21,910 | (21,416) |
| Other expense: | ||||
| Interest income (expense), net | 534 | (684) | 653 | (1,065) |
| Other expense, net | (32) | (252) | (320) | (427) |
| Total other income (expense), net | 502 | (936) | 333 | (1,492) |
| Income (loss) before income tax benefit | (12,618) | (9,051) | 22,243 | (22,908) |
| Income tax expense (benefit) | 16,430 | (565) | 5,407 | (1,418) |
| Net income (loss) | $(29,048) | $(8,486) | $16,836 | $(21,490) |
| Earnings (loss) per share | ||||
| Basic | $(0.72) | $(0.21) | $0.42 | $(0.55) |
| Diluted | $(0.72) | $(0.21) | $0.42 | $(0.55) |
| Weighted average shares outstanding | ||||
| Basic | 40,219 | 39,490 | 40,030 | 39,394 |
| Diluted | 40,219 | 39,490 | 40,103 | 39,394 |
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