NASDAQ$ANGO
AngioDynamics Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
AngioDynamics' Q2 2023 financial results were announced, revealing a sales increase and reaffirmed guidance.
AngioDynamics reported a 9.1% increase in net sales to $85.4 million for Q2 2023, with Med Tech sales up 29.7% and Med Device sales up 2.6%. The company's gross margin increased by 100 basis points to 52.8%. GAAP loss per share was $0.21, while adjusted earnings per share was $0.01.
- Net sales increased by 9.1% to $85.4 million compared to the prior-year quarter.
- Med Tech net sales increased by 29.7% to $24.5 million.
- Med Device net sales increased by 2.6% to $60.9 million.
- Gross margin increased by 100 basis points year over year to 52.8%.
Headline financials
Revenue & EPS history
AngioDynamics · Revenue · Quarterly
$85.4M
Revenue by segment
AngioDynamics · $85.4M total across 2 segments · Q2 2023
- Med Device$60.9M+2.5%71.3%
- Med Tech$24.5M+29.7%28.7%
Forward guidance
Management is reaffirming its previously issued fiscal year 2023 guidance, expecting net sales to be in the range of $342 to $348 million, gross margin to be approximately 52.5% to 54.5% and adjusted earnings per share in the range of $0.01 to $0.06.
Tailwinds
- Net sales expected to be in the range of $342 to $348 million.
- Gross margin expected to be approximately 52.5% to 54.5%.
- Adjusted earnings per share expected to be in the range of $0.01 to $0.06.
- Continued investment in new product launches.
- Drive future growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-0.9%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-3.7%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+30.9%
Q2 2025
Best reaction
-26.2%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +5.0% | -5.0% | — | |
| Q2 2026 | -13.5% | -25.5% | -24.0% | |
| Q1 2026 | +6.1% | -0.2% | +8.7% | |
| Q4 2025 | -10.2% | -9.8% | -9.3% | |
| Q3 2025 | +12.4% | -3.6% | -3.8% | |
| Q2 2025 | +30.9% | +32.6% | +17.4% | |
| Q1 2025 | -20.3% | -23.1% | -12.7% | |
| Q4 2024 | +24.8% | +21.1% | +25.8% | |
| Q3 2024 | +15.6% | +14.6% | +3.1% | |
| Q2 2024 | -17.7% | -20.1% | -23.5% | |
| Q1 2024 | -5.9% | -7.2% | -10.4% | |
| Q4 2023 | -2.5% | -3.8% | -16.1% | |
| Q3 2023 | -17.1% | -23.3% | -33.3% | |
| Q2 2023 | +11.5% | -1.0% | -1.3% | |
| Q1 2023 | -26.2% | -38.0% | -34.8% | |
| Q4 2022 | +4.4% | +6.4% | +21.3% | |
| Q3 2022 | +9.8% | +7.2% | -8.7% | |
| Q2 2022 | -15.5% | -15.5% | -25.8% | |
| Q1 2022 | +12.6% | +17.8% | +22.4% | |
| Q4 2021 | -7.0% | -8.6% | -3.9% | |
| Q3 2021 | +12.3% | +11.1% | +16.3% | |
| Q2 2021 | +14.7% | +14.2% | +24.7% | |
| Q1 2021 | +13.0% | +7.8% | -0.1% | |
| Q4 2020 | -11.5% | -11.8% | -12.7% | |
| Q3 2020 | -2.7% | +2.3% | -0.6% | |
| Q2 2020 | -9.2% | -11.3% | -17.0% | |
| Q1 2020 | -17.6% | -17.6% | -13.7% | |
| Q4 2019 | +6.8% | +6.2% | -4.8% | |
| Q3 2019 | -7.7% | -8.2% | -18.4% | |
| Q2 2019 | +6.7% | +6.7% | +8.6% | |
| Q1 2019 | -10.3% | -12.9% | -17.0% | |
| Q4 2018 | -9.2% | -7.8% | -5.4% | |
| Q3 2018 | +3.2% | +8.9% | +16.4% | |
| Q2 2018 | -1.8% | -0.1% | +5.1% | |
| Q1 2018 | -8.9% | -9.1% | -8.4% | |
| Q4 2017 | -5.9% | -3.5% | +5.1% | |
| Q3 2017 | +0.3% | -1.3% | -10.2% | |
| Q2 2017 | +1.7% | +3.2% | -2.5% | |
| Q1 2017 | -4.5% | -0.1% | -8.4% | |
| Q4 2016 | +10.6% | +14.1% | +8.4% | |
| Q3 2016 | -2.1% | — | — | |
| Q2 2016 | -8.7% | — | — | |
| Q1 2016 | -8.8% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | -6.1% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | +3.8% | — | — | |
| Q4 2014 | -5.0% | — | — | |
| Q3 2014 | -1.5% | — | — | |
| Q2 2014 | +6.1% | — | — | |
| Q1 2014 | +5.3% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -7.4% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | -8.8% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -5.7% | — | — | |
| Q2 2011 | -5.7% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q1 2012 | +3.5% | — | — | |
| Q3 2010 | +0.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro