Bruker breaks annual sales record in spite of lower Q4 profits | Earnings roundup

February 24, 2011 By MassDevice staff Leave a Comment

MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.

Here’s a quick rundown of a few releases over the past couple days:

Bruker breaks annual sales record in spite of lower Q4 profits
Bruker Corp. (NSDQ:BRKR) reported profits of $29.3 million, or 18 cents per diluted share, on sales of $416.1 million during the three months ended Dec. 31. That compares with profits of $43.5 million, or 26 cents per diluted share, on sales of $366.4 million during the same period last year.

Full-year profits were $95.4 million, or 58 cents per diluted share, on sales of $1.30 billion. That compares with profits of $81.2 million, or 49 cents per diluted share, on sales of $1.11 million in 2009.
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Fresenius profits rise 10 percent after sales bump
Fresenius Medical Care AG & Co. (NSDQ:FMS) reported profits of $271.3 million, or 90 cents per diluted share, on sales of $3.17 billion during the three months ended Dec. 31, 2010. That compares with profits of $246.6 million, or 82 cents per diluted share, on sales of $3.04 billion during the same period in 2009.

Full-year profits were $978.5 million, or $3.25 per diluted share, on sales of $12.05 billion. That compares with profits of $891.1 million, or $2.99 per diluted share, on sales of $11.25 billion in 2009.
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Volcano Q4 losses ease as sales jump 14 percent
Volcano Corp. (NSDQ:VOLC) reported a loss of $1.7 million, or 3 cents per diluted share, on sales of $81.2 million during the three months ended Dec. 31. That compares with a loss of $12.1 million, or 25 cents per diluted share, on sales of $71.0 million during the same period in 2009.

Full-year profits were $5.2 million, or 10 cents per diluted share, on sales of $294.1 million. That compares with losses of $29.0 million, or 60 cents per diluted share, on sales of $227.9 million in 2009.
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Synovis Q1 profits almost triple
Synovis Life Technologies Inc. (NSDQ:SYNO) reported profits of $1.8 million or 16 cents per diluted share, on sales of $19.5 million during the three months ended Jan. 31. That compares with profits of $643,000, or 6 cents per diluted share, on sales of $15.2 million during the same period last year.
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5 tips to raise funding for your medical device
Securing funding can be a long and tedious process, and medical device businesses must work to position themselves as especially attractive to potential investors to maximize success and accelerate the fundraising process. Jon Speer, Greenlight Guru According to Alejandro Cremades, author of The Art of Startup Fundraising, it can take from six to nine months… […]
FDA recognizes latest ISO 14971 as medical device consensus standard
By Mark Leimbeck and Stewart Eisenhart, Emergo Group The US Food and Drug Administration has granted Recognized Consensus Standard status to the third edition of the ISO 14071 risk management standard for medical devices and IVD products. Get the full story here at the Emergo Group’s blog. The opinions expressed in this blog post are… […]
Synaptive Medical updates Modus V surgical microscope
Synaptive Medical announced that its U.S. and Canadian Modus V robotic digital microscope now includes updates such as additional 3D visualization and voice-activated control. The Modus V is a robotically controlled digital microscope used as part of Synaptive’s BrightMatter surgical suite designed for less invasive, patient-specific approaches in complex cranial procedures. The Modus V provides similar… […]
New machine can preserve donor livers for 1 week
Researchers in Switzerland have built a perfusion machine that can preserve human livers for transplantation for a week or more, potentially slashing the number of donor livers that must be discarded due to time-related deterioration. Existing perfusion technology can preserve a donor liver for up to 24 hours. The team of surgeons, biologists and engineers… […]
Smiths Medical launches Portex tracheostomy tubes and kits
Smiths Medical this week launched its Portex polyvinyl chloride tracheostomy tube and kit portfolio. The new polyvinyl chloride (PVC) tube portfolio has options for a variety of patients, according to the company. “Our goal was to create tracheostomy tubes and kits designed to help clinicians provide the best patient care. We’re excited to offer a variety… […]
FDA clears Cleveland Clinic 3D-printed airway stents
The FDA recently cleared 3D-printed, patient-specific stents developed by a doctor at the Cleveland Clinic. Cleveland Clinic physician Tom Gildea developed the stents to keep open the airways of patients with serious breathing disorders caused by inflammation, trauma, tumors and other masses. Airway stents come in a limited number of sizes and shapes and are… […]
Boston Scientific shares drop on Q4 sales news
Shares in Boston Scientific (NYSE:BSX) dropped 8% this morning on news of disappointing fourth-quarter sales. The company’s preliminary earnings report showed sales for the quarter ended Dec. 31, 2019 coming in at $2.9 billion, below the $2.91 billion that analysts were expecting. The unaudited sales figure represents organic growth of 7.3%, missing the company’s own guidance of… […]
Study: Timing for knee replacement surgeries is off
New research from Northwestern Medicine suggests that patients with knee osteoarthritis are having knee surgery at the wrong time. According to the researchers, 90% of patients who could benefit from knee replacement surgery are waiting too long to have it and 25% of patients who don’t need it are having it prematurely. “People are waiting… […]
TransEnterix wants to use more AI in surgical robotics: Here’s how
TransEnterix (NYSE:TRXC) has filed a 510(k) submission to add an artificial intelligence feature to its robot-assisted surgery system in which the system can automatically move the camera for a surgeon. Surgeons have been able to move the camera on TransEnterix’s Senhance System via eye sensing. But the new Intelligent Surgical Unit would allow a surgeon, for… […]
Diversified Plastics names Kieval to board
Diversified Plastics, a custom plastic-injection molder and digital thermoplastic components manufacturer, said today that it has appointed Robert Kieval to its board of directors. Kieval has more than 25 years of experience at all levels of the medtech industry. The CEO of IMMR, Inc., Kieval previously served as chief scientific and clinical officer at women’s… […]
Micro celebrates 75 years in business
Contract manufacturer Micro (Somerset, N.J.) this week announced its 75th anniversary in business. Founded in 1945 as Micro Stamping Corp. in Maplewood, N.J., the family-owned company specializes in precision medical components, sub-assemblies and complete devices for laparoscopic surgical procedures. Operations have expanded from 28,000-square feet to nearly 180,000-square feet, and the company recently dedicated an… […]