AngioDynamics Reports Q1 FY2026 Results; Med Tech Sales Grow 26.1%
Reuters
Oct 02
AngioDynamics Reports Q1 FY2026 Results; Med Tech Sales Grow 26.1%
AngioDynamics reported revenue for the first quarter of fiscal 2026 of $81.7 million, compared to $78.7 million in the prior-year period. Gross margin for the first quarter of fiscal 2026 was 55.3%, which was 90 basis points higher than in the first quarter of fiscal 2025 and 260 basis points higher than in the fourth quarter of fiscal 2025. Gross margin included $1.7 million of tariff expense. The company recorded a GAAP net loss of $10.9 million in the first quarter of fiscal 2026. Adjusted net loss for the first quarter of fiscal 2026 was $4.2 million, compared to an adjusted net loss of $4.4 million in the first quarter of fiscal 2025. Adjusted EBITDA in the first quarter of fiscal 2026 was $2.2 million, compared to $1.4 million in the prior-year period. Pro forma results exclude the Dialysis and BioSentry businesses divested in June 2023, as well as the PICC, Midline, and tip location product portfolios divested in February 2024, and discontinued Radiofrequency and Syntrax support catheter products in February 2024.
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