EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — SurModics Inc. (SRDX) on Wednesday reported a loss of $5.2 million in its fiscal second quarter.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had a loss of 36 cents. Losses, adjusted for costs related to mergers and acquisitions and amortization costs, came to 13 cents per share.
The drug delivery technology company posted revenue of $28.1 million in the period.
SurModics expects full-year results to range from a loss of 62 cents per share to a loss of 42 cents per share, with revenue in the range of $114 million to $117 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRDX at https://www.zacks.com/ap/SRDX
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.