Interventional technology provider AngioDynamics of Queensbury, NY, reported revenue and income gains for its fiscal 2006 fourth quarter and year end.
For the period (end-June 3), the firm booked net sales of $23.6 million, an increase of 36% compared with net sales of $17.3 million for the fourth quarter of fiscal 2005. Net income in the fourth quarter of fiscal 2006 was $2 million, compared with net income of $1.7 million for the fiscal 2005 fourth quarter.
For the 53 weeks ended June 3, net sales were $78.5 million, up 30% compared with net sales of $60.3 million for fiscal 2005. Net income for fiscal 2006 increased 51% to $6.9 million, compared with net income of $4.5 million for fiscal 2005.
The firm stated that in its financial guidance for fiscal 2007 it expects net sales growth to exceed 28% compared with fiscal 2006, to approximately $101 million.
By AuntMinnie.com staff writers
August 11, 2006
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