Strong growth in all major product categories propelled AngioDynamics to record second-quarter net sales and net income.
For the quarter (end-December 2), the Queensbury, NY-based interventional technology provider booked net sales of $24.4 million, up 30% compared with the $18.7 million turned in during the second quarter of fiscal 2006. The company had net income of $2.5 million, compared with net income of $1.7 million a year ago.
AngioDynamics is also raising its previously announced guidance for the 2007 fiscal year. The firm now expects net sales growth to exceed 30% to reach approximately $103 million. Net income is now expected to grow more than 57% to reach approximately $10.8 million.
By AuntMinnie.com staff writers
January 4, 2007
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