Navigation Links
Cardica Announces Fiscal 2009 Fourth Quarter and Year End Financial Results
Date:8/13/2009

2 million, or $1.09 per share, compared to a net loss of $18.2 million, or $1.23 per share, for fiscal 2008.

Cash, cash equivalents and investments at June 30, 2009 were $5.3 million, compared to $8.4 million at March 31, 2009 and $23.3 million at June 30, 2008. As of June 30, 2009, Cardica had approximately 15.8 million common shares outstanding.

Milestones for Fiscal 2010

Cardica expects to achieve the following milestones over the course of fiscal 2010:

  • Begin selling C-Port(R) X-CHANGEII(TM);
  • Build a sales organization of 25 to 30 total sales representatives, including a direct salesforce, independent distributors and manufacturer's representatives, to support the sales effort for the C-Port and PAS-Port systems;
  • Complete animal testing of the Cardica Microcutter for general and thoracic surgery;
  • Complete tooling of Cardica Microcutter; and
  • Achieve additional milestones under Cardica's agreement with Cook for the development of a closure device for patent foramen ovale.

Financial Guidance for 2010

As Cardica transitions its cardiac surgery business to a small core direct sales force supported by independent distributors and manufacturer's representatives, Cardica is not able to provide product revenue guidance for fiscal 2010. For fiscal 2010, Cardica expects that research and development and sales, general and administrative expenses will total between $11 and $13 million, including non-cash stock-based compensation expense of approximately $1 million. Cardica expects its cash and cash equivalents to decline by approximately $2.5 million per quarter in fiscal 2010, without giving effect to any financing transactions.

Conference Call Details

Cardica's management will host a conference call today, August 13, 2009, at 4:30
'/>"/>

SOURCE Cardica, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Cardica Announces Proposed Public Offering of Common Stock
2. Cardica Announces Pricing of $34.7 Million Public Offering of Common Stock
3. Cardica Announces Live Webcast Demonstrating Breakthrough Device to Facilitate Beating Heart and Robotic Coronary Revascularization Surgery
4. Cardica Announces Exercise of Over-Allotment Option
5. Cardica to Announce Fiscal 2008 Second Quarter Financial Results on Thursday, January 24, 2008
6. Cardicas C-Port Anastomosis Systems for Coronary Artery Bypass Graft Procedures to be Used to Train Cardiothoracic Surgeons at Society of Thoracic Surgeons (STS) University
7. Cardicas C-Port Anastomosis Systems Facilitate Beating Heart Bypass Surgery in Study
8. Cardica to Announce Fiscal 2008 Third Quarter Financial Results on Tuesday, April 29, 2008
9. Cardica, Intuitive Surgical, MAQUET Cardiovascular and Transonic to Host Innovations in Revascularization Symposium
10. Renowned Leader and Educator in Robotic Cardiac Bypass Surgery Leverages Cardicas C-Port(R) Flex-A(R) Anastomosis System in His Practice and to Educate Cardiothoracic Surgeons
11. Cardica Names Frederick Bauer Vice President of Operations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/3/2015)... 2015 Venato, a secure cloud-based ... their flagship software solution now provides an automated ... uploaded to the National Healthcare Safety Network (NHSN). ... (CMS) require that hospitals submit healthcare personnel (HCP) ... than May 15 for each influenza season in ...
(Date:3/3/2015)... San Rafael, CA (PRWEB) March 03, 2015 ... basketball talent. Global sports icon, Michael Jordan, brought a level ... before, and has yet to experience again since his Chicago ... frenzy in city that exists to this day. This era ... the premier global basketball brand. Due to this rich basketball ...
(Date:3/3/2015)... 03, 2015 United Benefit Advisors (UBA), ... pleased to welcome The Gehring Group, Inc. as its ... for more than 20 years, The Gehring Group is ... risk management consulting firm that serves organizations in the ... management programs. , Based in Palm Beach ...
(Date:3/3/2015)... After the holiday season, many families are renewing ... Community Health Center of Snohomish County (CHC) recently ... in Everett, Marysville, and the entire Snohomish County can ... says, “While it’s relatively simple to trade mac n’ ... wonder how to keep exercise fun and exciting during ...
(Date:3/3/2015)... Extend Nutrition, a leading nutritional snack company with the ... at the next meal by an average of 21%* introduces ... changes needed and no program to abide by. Consumers just ... kit contains 60 servings of nutritional bars, shakes, and more. ... fat and complex carbohydrates that helps to control blood sugar ...
Breaking Medicine News(10 mins):Health News:Venato Incorporates Automated NHSN Reporting Tool to Their Software Solution 2Health News:US Sports Camps and Nike Basketball Camps Add Five New Locations In and Around Chicago for the Summer of 2015 2Health News:United Benefit Advisors Welcomes New Partner Firm The Gehring Group, Inc. 2Health News:United Benefit Advisors Welcomes New Partner Firm The Gehring Group, Inc. 3Health News:6 Wintertime Weight Loss Tips for Family Fitness Presented by Community Health Center of Snohomish County in Recent Article 2Health News:Snack Your Way to a Smaller Waistline with Extend Nutrition’s New “Snack-2-Health Kit” 2Health News:Snack Your Way to a Smaller Waistline with Extend Nutrition’s New “Snack-2-Health Kit” 3
... The NHS has been accused of wasting over ?500m associated ... John Hemming// who cited government figures on three drugs to ... lost their patent, the NHS was slow to react to ... blamed the health department for making a mess of the ...
... can get many nonprescription medications that can help to ease the ... of the heartburn, before one could turn to medications. ,As ... and equally more important is when we eat. Dietary changes can ... that are high in acidity, like coffee, soda or citrus fruit, ...
... Movie legend Clark Gable's son has been exposed as ... Kaylee Gable.//, ,According to contactmusic.com, the daughter Kaylee feels ... and could see his son, actor John Clark Gable, now. ... to crack cocaine. I know if my grandfather were alive ...
... If there were to be serious accidents or injury due ... in the treatment of such persons in the emergency room ... the intensive care are varied and could possibly determine the ... now working towards developing a set of guidelines to treat ...
... planning to study the Major Histocompatibility Complex (MHC) of the ... the same.// MHC is a large region, found on chromosome ... genes governs tissue type and participate in the immune system ... autoimmune diseases or cancer. The MHC is one the most ...
... issue has stated that most of the people suffering ... by the medical experts, or don’t exercise at all. ... meeting physical activity recommendations made at the federal level ... Jennifer Hootman, Ph.D., of the Centers for Disease Control ...
Cached Medicine News:Health News:More Than ?500m Wasted On Drugs; MP Blames NH 2Health News:Guidelines For Treating Severely Injured Patients On The Anvil 2Health News:Unraveling the Secrets of MHC in Human Genome 2Health News:Most People With Arthritis Do Little Or No Exercise At All 2
(Date:3/3/2015)... -- - CPhI and P-MEC China 2015 ... Shanghai, China - The 15th ... held at Shanghai New International Expo Center, on 24th June, ... Worldwide and was introduced to China in 2001. It has ... companies and global pharmaceutical industry over the past 15 years. ...
(Date:3/3/2015)... , Mar. 03, 2015 Research and Markets ... Jain PharmaBiotech,s new report "Cardiovascular Drug Delivery - ... , Drug delivery to the cardiovascular system ... the anatomy and physiology of the vascular system; it ... body. Drugs can be introduced into the vascular system ...
(Date:3/3/2015)... , March 3, 2015  HeartIT is pleased ... first Cardiac Magnetic Resonance Solution in the market ... a standard web browser. Precession™ combines zero footprint ... unmatched in the industry. This provides CMR professionals ... the critical functions of a successful CMR program. ...
Breaking Medicine Technology:15th Anniversary, Be Part of Chinese Pharma Dream 215th Anniversary, Be Part of Chinese Pharma Dream 3Global Cardiovascular Drug Delivery Technologies, Markets and Companies 2014-2024 2Global Cardiovascular Drug Delivery Technologies, Markets and Companies 2014-2024 3Precession Advances Medical Imaging by Delivering a Complete Cardiac Magnetic Resonance Platform in a Web Browser 2
... well as humidification, try Flo-Mist™., ,Flo-Mist™, ... continuous medication nebulizer (CMN), engineered to deliver ... ml reservoir and jet flow design allow ... medication delivery at 25 ml/hr. Particles are ...
Nebulizer Custom Kit...
... Innovators in Anesthesia and Respiratory Products, ... quality medical devices for Anesthesia and Respiratory ... manufacture products that enhance the clinician's ability ... close attention to the bottom line. , ...
... nebulizer achieves optimum lung penetration for maximum ... is 1.04-1.10 µ at 6-8 LPM. Latex-free ... ,As the world leader in airway ... assurance of proven technology by offering top ...
Medicine Products: