NASDAQ$SRDX

Surmodics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported revenue increase of 10% year-over-year and GAAP EPS of $0.18.

Surmodics reported a revenue increase of 10% year-over-year, with GAAP EPS at $0.18 and non-GAAP EPS at $0.21. The company achieved critical milestones with CE Mark for SurVeil DCB and FDA clearance for Sublime PTA balloon catheter.

  • Revenue increased by 10% year-over-year.
  • GAAP EPS was $0.18, and non-GAAP EPS was $0.21.
  • CE Mark was received for SurVeil drug coated balloon (DCB).
  • FDA clearance was received for Sublime radial-access 0.014” PTA balloon catheter.

Headline financials

Total Revenue

$26.9M

Previous: $24.3M+10.4%
EPS (adj)

$0.21

Previous: $0.15+40.0%
Cash from operations

$11.4M

No prior period
Capital expenditures

$300K

No prior period
Free Cash Flow

$10.1M

Previous: -$8.62M+216.9%
Net Income

$2.46M

Previous: $1.47M+67.7%
Operating Income

$1.16M

Previous: $1.02M+14.5%
Gross Profit

$22.4M

Previous: $21M+7.0%
Cash & Equivalents

$36.4M

Previous: $28.9M+25.8%
Total Assets

$166M

Previous: $150M+10.7%

Revenue & EPS history

Surmodics · Revenue · Quarterly

$26.9M

Q3 2020+10.4%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Surmodics · $26.9M total across 2 segments · Q3 2020

  • Medical Device
    $20.5M+8.3%
  • In Vitro Diagnostics
    $6.37M+18.0%

Forward guidance

Due to the continued uncertainty surrounding the duration and magnitude of the COVID-19 pandemic, the Company will not provide financial guidance at this time.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+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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