ANGIODYNAMICS INC
For the period ended Feb 29, 2024. Filed Apr 9, 2024.
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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.
Feb 29, 2024 · Filed Apr 9, 2024
ANGO$12.12+3.3%Stored close · as of Nov 9, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| Feb 29, 2024 | Feb 28, 2023 | Feb 29, 2024 | Feb 28, 2023 | |
| Net sales | $75,182 | $80,712 | $232,934 | $247,678 |
| Cost of sales (exclusive of intangible amortization) | 39,321 | 40,208 | 116,751 | 119,791 |
| Gross profit | 35,861 | 40,504 | 116,183 | 127,887 |
| Operating expenses: | ||||
| Research and development | 8,189 | 6,852 | 24,788 | 22,023 |
| Sales and marketing | 25,405 | 25,406 | 78,237 | 77,956 |
| General and administrative | 10,578 | 8,839 | 30,723 | 29,775 |
| Amortization of intangibles | 3,287 | 4,739 | 10,474 | 14,384 |
| Goodwill impairment | 159,476 | — | 159,476 | — |
| Change in fair value of contingent consideration | 112 | 227 | 203 | 2,084 |
| Acquisition, restructuring and other items, net | 35,367 | 3,369 | 44,767 | 12,009 |
| Total operating expenses | 242,414 | 49,432 | 348,668 | 158,231 |
| Gain on sale of assets | 6,657 | — | 54,499 | — |
| Operating loss | (199,896) | (8,928) | (177,986) | (30,344) |
| Other expense: | ||||
| Interest income (expense), net | 394 | (736) | 1,047 | (1,801) |
| Other expense, net | (238) | — | (558) | (427) |
| Total other income (expense), net | 156 | (736) | 489 | (2,228) |
| Loss before income tax benefit | (199,740) | (9,664) | (177,497) | (32,572) |
| Income tax benefit | (12,004) | (179) | (6,597) | (1,597) |
| Net loss | $(187,736) | $(9,485) | $(170,900) | $(30,975) |
| Loss per share | ||||
| Basic | $(4.67) | $(0.24) | $(4.26) | $(0.79) |
| Diluted | $(4.67) | $(0.24) | $(4.26) | $(0.79) |
| Weighted average shares outstanding | ||||
| Basic | 40,234 | 39,509 | 40,098 | 39,436 |
| Diluted | 40,234 | 39,509 | 40,098 | 39,436 |
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