Please do not leave this page until complete. This can take a few moments.
Revenue soared and losses narrowed at HeartWare International of Framingham due to rising sales of its Ventricular Assist System.
The heart disease technology company reported Thursday a 140 percent increase in quarterly revenue, from $22.9 million in 2012 to $54.8 million, beating analysts’ expectations of $49.4 million for the quarter that ended Sept. 30.
Net losses also fell on a year-over-year basis from $1.75 to 69 cents per share. Wall Street projected losses a loss of 83 cents in the most recent quarter.
“Our results for the third quarter reflect continued positive trends in the commercial launch of the HeartWare System in the U.S., following approval from the Food and Drug Administration (FDA) late last year, as well as continued strong support from our international customers,” said President and CEO Doug Godshall.
He said 549 of the pumps were sold globally during the quarter, compared with 256 during the same quarter in 2012. It also beat the company’s previous high quarterly sales mark of 523, set in the second quarter of 2013.
(Image credit: freedigitalphotos.net)
Read more
HeartWare Closes Stock Offering
HeartWare Revenue Grows 87% In Q1
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments