NASDAQ$SRDX

Surmodics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Surmodics reported a 6% increase in revenue year-over-year, with a GAAP EPS of $(0.02) and a non-GAAP EPS of $(0.10).

Surmodics, Inc. reported its fourth quarter fiscal 2021 results, with revenue increasing by 6% year-over-year. The company's GAAP EPS was $(0.02), and non-GAAP EPS was $(0.10). The company also issued fiscal 2022 revenue and EPS guidance.

  • Revenue of $24.0 million, an increase of 6% year-over-year
  • GAAP EPS of $(0.02)
  • Non-GAAP EPS of $(0.10)
  • Successful first patient use Sublime™ .018 RX PTA Dilatation Catheter

Headline financials

Total Revenue

$24M

Previous: $22.5M+6.3%
EPS (adj)

-$0.10

Previous: -$0.18+44.4%
Capital Expenditures

$2.41M

Previous: $1.04M+130.4%
Free Cash Flow

-$1.52M

Previous: $270K-661.5%
Net Income

-$289K

Previous: -$2.95M+90.2%
Operating Income

-$489K

Previous: -$1.99M+75.5%
Gross Profit

$9.08M

Previous: $5.85M+55.1%
Cash & Equivalents

$31.2M

Previous: $30.8M+1.2%
Total Assets

$195M

Previous: $169M+15.3%

Revenue & EPS history

Surmodics · Revenue · Quarterly

$24M

Q4 2021+6.3%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Surmodics · $24M total across 2 segments · Q4 2021

  • Medical Device
    $17.4M+1.3%
  • In Vitro Diagnostics
    $6.58M+22.6%

Forward guidance

Surmodics expects fiscal year 2022 revenue to range from $97 million to $101 million. The Company expects fiscal 2022 diluted GAAP EPS to range from a loss per share of $(2.05) to $(1.55), which reflects increased investments to accelerate the Company’s strategy. Non-GAAP diluted EPS for fiscal 2022 is expected to range from a loss per share of $(1.75) to $(1.25).

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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