U.S. Accommodating Utilization Grew 33%, Year Over Year
DANVERS, Mass., Feb. 01, 2018 (GLOBE NEWSWIRE) — Abiomed, Inc. (ABMD), a arch provider of advance affection abutment and accretion technologies, today appear third division budgetary 2018 acquirement of $154.0 million, an admission of 34% compared to acquirement of $114.7 actor for the aforementioned aeon of budgetary 2017.
Financial and operating highlights during the third division of budgetary 2018 include:
“It is an agitative time for the aggregation as we coact with our barter to advance accommodating outcomes and the accustomed of affliction for circulatory support,” said Michael R. Minogue, Chairman, President and Chief Executive Officer, Abiomed. “The Field of Affection Accretion is growing and Abiomed is able-bodied positioned to abduction the $5 billion U.S. bazaar opportunity, while burying the seeds for approaching advance in all-around markets.”
FISCAL YEAR 2018 OUTLOOKThe Aggregation is accretion its budgetary year 2018 acquirement advice afresh to about $583 million, an admission of about 31% from the above-mentioned year. This compares to the Company`s above-mentioned budgetary 2018 advice of $565 actor to $575 actor and a 27% to 29% admission from the above-mentioned year. This advice projects acquirement to be about $164 actor for the fourth division of budgetary 2018. The Aggregation is accretion its budgetary year advice for GAAP operating allowance to about 26%. This compares to the Company`s above-mentioned budgetary 2018 advice of 23% to 25%.
CONFERENCE CALLThe Aggregation will host a appointment alarm to altercate the after-effects on Thursday, February 1, 2018, at 8:00 a.m. EST. Michael R. Minogue, Chairman, President and Chief Executive Officer and Robert L. Bowen, above Chief Banking Officer, will host the appointment call.
To accept to the alarm live, amuse tune into the webcast via http://investor.abiomed.com or punch (855) 212-2361; the all-embracing cardinal is (678) 809-1538. A epitomize of this appointment alarm will be accessible alpha at 11 a.m. EST February 1, 2018 through 11:00 a.m. EST on February 8, 2017. The epitomize buzz cardinal is (855) 859-2056; the all-embracing cardinal is (404) 537-3406. The epitomize admission cipher is 2967997.
The ABIOMED logo, ABIOMED, Impella, Impella CP, and Impella RP are registered trademarks of Abiomed, Inc. in the U.S. and in assertive adopted countries. Impella 2.5, Impella 5.0, and Recovering hearts. Saving lives. are trademarks of Abiomed, Inc. ABOUT ABIOMED Based in Danvers, Massachusetts, Abiomed, Inc. is a arch provider of medical accessories that accommodate circulatory support. Our articles are advised to accredit the affection to blow by convalescent claret breeze and/or assuming the pumping of the heart. For added information, amuse visit: www.abiomed.com
FORWARD-LOOKING STATEMENTS This absolution contains advanced statements, including statements apropos development of Abiomed`s absolute and new products, the Company`s advance against bartering growth, approaching opportunities, accustomed authoritative approvals and budgetary year 2018 acquirement and operating allowance expectations. The Company`s absolute after-effects may alter materially from those advancing in these advanced statements based aloft a cardinal of factors, including uncertainties associated with development, testing and accompanying authoritative approvals, including the abeyant for approaching losses, circuitous manufacturing, aerial affection requirements, assurance on bound sources of supply, competition, abstruse change, government regulation, action matters, approaching basic needs and ambiguity of added financing, and added risks and challenges abundant in the Company`s filings with the Balance and Exchange Commission, including the best afresh filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Readers are cautioned not to abode disproportionate assurance on any advanced statements, which allege alone as of the date of this release. The Aggregation undertakes no obligation to about absolution the after-effects of any revisions to these advanced statements that may be fabricated to reflect contest or affairs that action afterwards the date of this absolution or to reflect the accident of hasty events.
* USE OF NON-GAAP MEASURES To supplement its circumscribed banking statements, which are able and presented in accordance with accounting attempt about accustomed in the United States (“GAAP”), the Aggregation uses the afterward non-GAAP banking measures: adapted net assets and adapted net assets per adulterated share. The presentation of this banking advice is not advised to be advised in a or as a acting for, or above to, the banking advice able and presented in accordance with GAAP. The Aggregation uses these non-GAAP banking measures for banking and operational controlling and as a agency to appraise period-to-period comparisons. The Aggregation believes that these non-GAAP banking measures accommodate allusive added advice apropos its achievement and clamminess by excluding the conditional assets tax amount accompanying to the Tax Reform Act; and the balance tax allowances associated with share-based advantage arrangements. The Aggregation believes that both administration and investors account from apropos to these non-GAAP banking measures in assessing its achievement and back planning, forecasting, and allegory approaching periods. These non-GAAP banking measures additionally facilitate management`s centralized comparisons to its actual achievement and liquidity. The Aggregation believes these non-GAAP banking measures are advantageous to investors because (1) they acquiesce for greater accurateness with account to key metrics acclimated by administration in its banking and operational controlling and (2) they are acclimated by institutional investors and the yst association to advice them assay the achievement of the Company`s business.
Adjusted net assets and adapted net assets per adulterated share. The Aggregation defines adapted net assets as net income, net of the conditional assets tax amount accompanying to the Tax Reform Act and the balance tax allowances associated with share-based advantage arrangements. The Aggregation defines adapted net assets per adulterated allotment as adapted net assets disconnected by adulterated shares acclimated for GAAP purposes which are affected as the abounding boilerplate outstanding shares additional dilutive abeyant shares outstanding during the period. See beneath for a adaptation of adapted net assets and adapted net assets per adulterated allotment to net assets and net assets per adulterated share.
For added advice amuse contact:
Ingrid Goldberg,Director, Investor [email protected]
This advertisement is broadcast by Nasdaq Accumulated Solutions on account of Nasdaq Accumulated Solutions clients.
The issuer of this advertisement warrants that they are alone amenable for the content, accurateness and dness of the advice independent therein.Source: Abiomed via GlobeNewswireHUG#2165300
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