Angeion Corp. (ANGN, Financial) filed Quarterly Report for the period ended 2012-01-31.
Angeion Corp has a market cap of $22.9 million; its shares were traded at around $5.55 with and P/S ratio of 0.8.
The Company experiences some seasonality in its revenues, with the first and fourth quarter of its fiscal year historically being its lowest and highest revenue quarters, respectively. The Company experiences additional variability in each quarter due to a number of factors, including customer budget cycles, product introductions, Company sales incentive programs, general economic conditions and the timing of customer orders.
Total revenue for the three months ended January 31, 2012, was essentially even compared to the same period in 2011. Domestic revenue for the three months ended January 31, 2012 increased by 9.9% and international revenue decreased by (26.2)% from prior year period levels, with decreases in international revenues primarily from the weaker performance in Canada, Europe and the Far East regions.
Gross margin percentage for the three months ended January 31, 2012 remained at 56.4% compared to the same period in 2011. The percentage remained consistent as a result of manufacturing efficiencies resulting from the higher service revenue volume despite increased provisions for obsolete inventory of $47,000. We expect that these margin levels will continue in the remaining fiscal 2012 quarters.
Read the The complete Report
Angeion Corp has a market cap of $22.9 million; its shares were traded at around $5.55 with and P/S ratio of 0.8.
Highlight of Business Operations:
Total revenues for the fiscal first quarter of 2012 were $7.1 million, consistent with $7.1 million in 2011. Operating expenses for the fiscal first quarter of 2012 were $4.2 million, a decrease of 1.7% from the same period in 2011. Net loss for the three months ended January 31, 2011 was ($249,000), or ($0.07) per basic and diluted share, compared to a net loss of ($324,000), or ($0.09) per basic and diluted share, for the same period in 2011.The Company experiences some seasonality in its revenues, with the first and fourth quarter of its fiscal year historically being its lowest and highest revenue quarters, respectively. The Company experiences additional variability in each quarter due to a number of factors, including customer budget cycles, product introductions, Company sales incentive programs, general economic conditions and the timing of customer orders.
Total revenue for the three months ended January 31, 2012, was essentially even compared to the same period in 2011. Domestic revenue for the three months ended January 31, 2012 increased by 9.9% and international revenue decreased by (26.2)% from prior year period levels, with decreases in international revenues primarily from the weaker performance in Canada, Europe and the Far East regions.
Gross margin percentage for the three months ended January 31, 2012 remained at 56.4% compared to the same period in 2011. The percentage remained consistent as a result of manufacturing efficiencies resulting from the higher service revenue volume despite increased provisions for obsolete inventory of $47,000. We expect that these margin levels will continue in the remaining fiscal 2012 quarters.
Read the The complete Report
