NASDAQ$SRDX

Surmodics Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Surmodics' financial performance declined slightly year-over-year, with revenue decreasing by 2% and a net loss reported, impacted by lower SurVeil DCB revenue and merger-related charges, but offset by growth in medical device performance coatings royalties and sales of Pounce thrombectomy platforms.

Surmodics reported a slight decrease in total revenue, a net loss, and an adjusted EBITDA that was slightly less than the prior year. The revenue decrease was primarily due to lower SurVeil DCB revenue, offset by growth in other areas. The net loss was impacted by merger-related charges.

  • Total revenue decreased by 2% year-over-year to $29.9 million.
  • Excluding SurVeil DCB license fee revenue, total revenue decreased by 3% year-over-year to $28.7 million.
  • GAAP net loss was $(3.7) million, compared to $(0.8) million in the prior-year period.
  • Adjusted EBITDA was $3.6 million, compared to $3.9 million in the prior-year period.

Headline financials

Total Revenue

$29.9M

Previous: $30.6M-2.1%
EPS (adj)

-$0.04

Previous: -$0.06+33.3%
Capital Expenditures

-$302K

Previous: -$720K+58.1%
Free Cash Flow

-$8.2M

Previous: -$9.51M+13.8%
Net Income

-$3.65M

Previous: -$786K-364.5%
Operating Income

-$2.48M

Previous: -$322K-670.5%
Gross Profit

$22.5M

Previous: $21.7M+3.4%
R&D Expense

$8.94M

Previous: $8.66M+3.2%

Revenue & EPS history

Surmodics · Revenue · Quarterly

$29.9M

Q1 2025-2.1%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Surmodics · $28M total across 2 segments · Q4 2023

  • Medical Device
    $21M+7.9%
  • In Vitro Diagnostics
    $6.93M+6.8%

Forward guidance

Surmodics is not providing financial guidance for fiscal year 2025 due to the pending acquisition by GTCR.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.4%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.9%

Avg return

30 days after

59%

37 / 63 earnings

Positive

+34.5%

Q2 2024

Best reaction

-13.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.6%+8.5%-8.0%
Q2 2025-1.5%+2.5%+7.6%
Q1 2025-4.1%-4.5%-7.3%
Q4 2024+2.0%+2.3%+6.2%
Q3 2024-0.5%-1.2%-4.5%
Q2 2024+34.5%+26.5%+64.1%
Q1 2024-9.8%-13.0%-9.6%
Q4 2023+1.0%
Q3 2023+4.7%
Q2 2023-2.4%
Q1 2023+4.1%
Q4 2022-3.0%
Q3 2022-7.8%
Q2 2022-1.2%
Q1 2022-11.0%
Q4 2021-11.4%
Q3 2021+3.7%
Q2 2021-5.4%
Q1 2021+15.1%
Q4 2020-2.1%
Q3 2020+0.5%
Q2 2020+3.4%
Q1 2020+6.6%
Q4 2019-13.1%
Q3 2019+13.7%
Q2 2019+0.6%
Q1 2019+17.0%
Q4 2018-11.5%
Q3 2018+11.2%
Q2 2018+7.2%
Q1 2018-0.4%
Q4 2017+0.2%
Q3 2017+1.8%
Q2 2017-7.9%
Q1 2017+1.4%
Q4 2016-6.2%
Q3 2016+8.9%
Q2 2016+14.8%
Q1 2016+8.3%
Q4 2015-2.4%
Q3 2015+9.8%
Q2 2015-2.6%
Q1 2015+3.6%
Q4 2014-3.6%
Q3 2014+2.1%
Q2 2014-4.6%
Q1 2014+7.8%
Q4 2013-3.6%
Q3 2013+10.6%
Q2 2013-6.9%
Q1 2013+1.6%
Q4 2012+0.9%
Q3 2012+10.0%
Q2 2012-1.8%
Q1 2011-1.4%
Q1 2012-1.0%
Q4 2011+1.6%
Q4 2009+1.6%
Q2 2011+1.6%
Q3 2010+1.3%
Q4 2010+1.3%
Q3 2011+1.3%
Q2 2010+1.2%

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