CryoLife Inc. (CRY, Financial) filed Quarterly Report for the period ended 2010-06-30.
Cryolife Inc. has a market cap of $161 million; its shares were traded at around $5.62 with a P/E ratio of 17.5 and P/S ratio of 1.4. CRY is in the portfolios of Paul Tudor Jones of The Tudor Group, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
Revenues from the sale of BioGlue and BioFoam decreased 1% for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. This decrease was primarily due to a 4% decrease in the volume of milliliters sold, which decreased revenues by 4% and the unfavorable impact of foreign exchange, which decreased revenues by 1%, largely offset by an increase in average selling prices, which increased revenues by 4%.
Sales of BioGlue and BioFoam for the three and six months ended June 30, 2010 included international sales of BioFoam following receipt of the CE Mark approval during the third quarter of 2009. BioFoam sales accounted for less than 1% of total BioGlue and BioFoam sales for the three and six months ended June 30, 2010. Domestic revenues accounted for 68% and 69% of total BioGlue revenues for the three and six months ended June 30, 2010, respectively, and 68% and 70% of total BioGlue revenues for the three and six months ended June 30, 2009, respectively.
Revenues from the sale of HemoStase increased 29% for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. This increase was primarily due to a 24% increase in the volume of grams sold, which increased revenues by 24% and an increase in average selling prices, which increased revenues by 5%.
Revenues from the sale of HemoStase increased 55% for the six months ended June 30, 2010 as compared to the six months ended June 30, 2009. This increase was primarily due to a 53% increase in the volume of grams sold, which increased revenues by 53% and an increase in average selling prices, which increased revenues by 2%.
Domestic revenues accounted for 78% and 74% of total HemoStase revenues for the three and six months ended June 30, 2010, respectively, and 78% and 76% of total HemoStase revenues for the three and six months ended June 30, 2009, respectively.
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Cryolife Inc. has a market cap of $161 million; its shares were traded at around $5.62 with a P/E ratio of 17.5 and P/S ratio of 1.4. CRY is in the portfolios of Paul Tudor Jones of The Tudor Group, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
Revenues from SynerGraft processed tissues, including the CryoValve SGPV and CryoPatch SG, accounted for 31% and 30% of total cardiac preservation services revenues for the three and six months ended June 30, 2010, respectively, and 24% and 22% of total cardiac preservation services revenues for the three and six months ended June 30, 2009, respectively. Domestic revenues accounted for 93% of total cardiac preservation services revenues for both the three and six months ended June 30, 2010 and 96% and 95% of total cardiac preservation services revenues for the three and six months ended June 30, 2009, respectively.Revenues from the sale of BioGlue and BioFoam decreased 1% for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. This decrease was primarily due to a 4% decrease in the volume of milliliters sold, which decreased revenues by 4% and the unfavorable impact of foreign exchange, which decreased revenues by 1%, largely offset by an increase in average selling prices, which increased revenues by 4%.
Sales of BioGlue and BioFoam for the three and six months ended June 30, 2010 included international sales of BioFoam following receipt of the CE Mark approval during the third quarter of 2009. BioFoam sales accounted for less than 1% of total BioGlue and BioFoam sales for the three and six months ended June 30, 2010. Domestic revenues accounted for 68% and 69% of total BioGlue revenues for the three and six months ended June 30, 2010, respectively, and 68% and 70% of total BioGlue revenues for the three and six months ended June 30, 2009, respectively.
Revenues from the sale of HemoStase increased 29% for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. This increase was primarily due to a 24% increase in the volume of grams sold, which increased revenues by 24% and an increase in average selling prices, which increased revenues by 5%.
Revenues from the sale of HemoStase increased 55% for the six months ended June 30, 2010 as compared to the six months ended June 30, 2009. This increase was primarily due to a 53% increase in the volume of grams sold, which increased revenues by 53% and an increase in average selling prices, which increased revenues by 2%.
Domestic revenues accounted for 78% and 74% of total HemoStase revenues for the three and six months ended June 30, 2010, respectively, and 78% and 76% of total HemoStase revenues for the three and six months ended June 30, 2009, respectively.
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