Disposable products developer Merit Medical Systems announced a more than 20% jump in revenue for its second quarter (end-June 30).
Revenue increased by 20.5% for the quarter, rising from $186.5 million a year ago to $224.8 million for the current quarter. Net income rose from $9.48 million in Q2 of 2017 to $10.9 million for this quarter. However, for the six-month period, net income fell from $24.2 million in 2017 to $16.2 million in 2018.
Merit attributed its growth to demand for legacy products, a full quarter of selling products acquired from Becton Dickinson, and continued growth in international markets.
