Navigation Links
Cyberonics Reports Operating Profit for Third Quarter FY08 and Announces Share Repurchase Program
Date:2/20/2008

Epilepsy Sales Increase Significantly

HOUSTON, Feb. 20 /PRNewswire-FirstCall/ -- Cyberonics, Inc. (Nasdaq: CYBX) today announced results for the fiscal year 2008 third quarter ended January 25, 2008.

Financial highlights

Net sales

Net sales for the third quarter of fiscal 2008 were $29.3 million, compared to $28.9 million in the second quarter of fiscal 2008 and $31.7 million in the third quarter of fiscal 2007. Net sales for the nine months ended January 25, 2008 were $87.3 million, compared to $99.5 million in the comparable period of the prior year; net sales in fiscal 2008 attributable to the epilepsy indication of $82.6 million have increased by 9.4% over fiscal 2007.

U.S. net sales for the third quarter of fiscal 2008 declined to $22.2 million, compared with $26.6 million in the comparable period of fiscal 2007. Overall, U.S. net sales declined due to the continued reduction in the number of VNS Therapy Systems attributable to treatment-resistant depression ("TRD"), following both the preliminary and final non-coverage determinations by the Centers for Medicare and Medicaid Services in February 2007 and May 2007, respectively; however, net sales attributable to the epilepsy indication increased by approximately 13% over the comparable prior year quarter.

International net sales increased by 36% to a record $6.9 million, up from the $5.1 million reported in the third quarter of fiscal 2007, due primarily to unit growth of 20%, the impact of foreign currency movements and improved pricing.

Net sales include $167,000 relating to the license fee of $9.5 million received during the third quarter. It is anticipated that this license fee will be recognized at a quarterly rate of $373,000 through the end of fiscal 2014. The unamortized amount is reflected as deferred revenue in long-term liabilities.

Gross margin

The gross margin for the third quarter of fiscal 2008 represente
'/>"/>

SOURCE Cyberonics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Cyberonics Licenses Obesity-Related Patents
2. Cyberonics Announces Conference Call to Discuss FY08 Q3 Financial Results
3. New Study Reports High Injury Rates for Hotel Workers, Even Higher Rates for Women and Nonwhites
4. Haemacure Reports Third Quarter 2007 Results
5. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
6. Consumer Reports Analysis: Drugs for Nerve Pain, Fibromyalgia Effective, But Not Always Best
7. MDS Reports Third Quarter 2007 Results
8. Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
9. AtriCure Reports First Human Implant of the Cosgrove-Gillinov Left Atrial Appendage Occlusion System
10. NMHC Reports Fourth Quarter and Fiscal Year 2007 Financial Results
11. Blue Cross and Blue Shield of Florida Reports Eighteenth Consecutive Year of Positive Performance
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2015)... 28, 2015 Altima Technologies, Inc., ... Library for documenting and diagramming data center assets ... the following product lines: , Manufacturer / ... Chatsworth Products N-Series TeraFrame Cabinet, Middle Atlantic Products ... Fore Systems ForeRunner, Marantz America MM Series, Extron ...
(Date:5/28/2015)... The CEO and Founder of Alliance Hospice, ... series which provides analysis on the benefits of fostering ... Dalglish” profile on Blogger.com, this instructive new series was ... , “Throughout my business career, I’ve witnessed the ... overall success of businesses,” stated R. Bruce Dalglish, CEO ...
(Date:5/28/2015)... 28, 2015 Senior Housing Assistance Group ... Piniella, who managed the Seattle Mariners team that won ... appear in television and digital advertising for SHAG to ... communities, including several new communities slated to open in ... Lynnwood, Mountlake Terrace, Tukwila, and University Place. , Filming ...
(Date:5/28/2015)... 28, 2015 More than 300 locations ... raise money to help the Muscular Dystrophy Association save ... and related life-threatening diseases that limit muscle strength and ... program. , From June 1 to June 30, sweetFrog ... the opportunity to help send local children affected by ...
(Date:5/28/2015)... 28, 2015 Baptist Medical Center Jacksonville ... suffering from acute stroke or other neurological conditions. , ... of a few in the country and the first ... needs such as brain aneurysms. , “Baptist Health ... of patients who are impacted by stroke,” said Nicole ...
Breaking Medicine News(10 mins):Health News:NetZoom™ Visio® Stencil Library Updates for EMC, Cisco, and Chatsworth Products 2Health News:R. Bruce Dalglish, CEO of Alliance Hospice, Introduces New Blog Series On Positive Corporate Culture 2Health News:SHAG Announces New Spokesperson: Lou Piniella 2Health News:sweetFrog and MDA Join Forces to Send Kids with Muscle Disease to Summer Camp 2Health News:sweetFrog and MDA Join Forces to Send Kids with Muscle Disease to Summer Camp 3Health News:Baptist Medical Center Jacksonville Adds Dedicated Neuro Emergency Unit 2Health News:Baptist Medical Center Jacksonville Adds Dedicated Neuro Emergency Unit 3
... Dana-Farber/Children,s Hospital Cancer Center (DF/CHCC) have found that ... for germ-cell ovarian tumors might safely be spared chemotherapy ... the follow-up treatment is needed., In contrast to the ... removal of these rare tumors, researchers said the study ...
... HealthDay Reporter , TUESDAY, Oct. 19 (HealthDay News) -- ... who decided to stop taking the cancer drug Gleevec (imatinib) ... The study, published online Oct. 19 in The Lancet ... the drug might go beyond long-term cancer control and offer ...
... has chosen Springer to publish its scientific research in ... d,urgence . Bruno Riou, Professor on the Pierre and ... is editor-in-chief of this official society journal. ... is targeted at the community of French emergency ...
... (HealthDay News) -- A new study confirms what ... alcohol slows reaction time and increases errors during decision-making. ... brain regions involved in error processing more than others. ... alcohol (control group) or different doses of alcohol in ...
... each year because they can,t afford a pacemaker. Meanwhile heart ... donate theirs after death to someone in need. In ... University of Michigan Cardiovascular Center examine the legality and logistics ... cremation, for sterilization and reuse across the globe. Small ...
... Goodwin HealthDay Reporter , TUESDAY, Oct. 19 ... if operating room staff borrowed team-building procedures used by ... program that trained operating room workers to talk about ... review what went right or wrong after surgeries significantly ...
Cached Medicine News:Health News:Girls with ovarian germ-cell tumors can safely skip chemotherapy unless disease recurs 2Health News:Some With Once-Deadly Leukemia Can Take a Break From Gleevec 2Health News:Some With Once-Deadly Leukemia Can Take a Break From Gleevec 3Health News:Recycling pacemakers may alleviate burden of heart disease across the globe 2Health News:Recycling pacemakers may alleviate burden of heart disease across the globe 3Health News:Lessons From Flight Crews Can Help Surgical Teams Work Better 2Health News:Lessons From Flight Crews Can Help Surgical Teams Work Better 3
(Date:5/28/2015)... May 28, 2015 Compassion & Choices today is ... a bill that would authorize the option of medical aid ... The legislation, ... would allow mentally competent adults with six months or less ... take to painlessly and peacefully end an unbearable dying process. ...
(Date:5/28/2015)... and CAMBRIDGE, Mass., May 28, 2015  Shareholder ... investigating whether certain officers and directors of ... to shareholders.  Eleven Biotherapeutics is a clinical-stage biopharmaceutical ... of protein therapeutics to treat eye diseases, primarily ...   View this press release on ...
(Date:5/28/2015)... ALEXANDRIA, Va. , May 28, 2015 ... Hoey , RPh, MBA issued the following statement in ... the AARP Public Policy Institute documenting that a number ... "This new report tracks with concerns previously expressed ... Congress to support patient access to essential medications. Moreover, ...
Breaking Medicine Technology:California Committee Sends Medical Aid-in-Dying Bill to Senate Floor 2California Committee Sends Medical Aid-in-Dying Bill to Senate Floor 3Robbins Arroyo LLP Is Investigating the Officers and Directors of Eleven Biotherapeutics, Inc. (EBIO) on Behalf of Shareholders 2NCPA: AARP Drug Pricing Report Reiterates Need for Fair Generic Drug Reimbursements 2
... Reportlinker.com announces that a new market research ... Global Intraocular Lenses Industry ... the worldwide markets for Intraocular Lenses in US$ ... Lenses, and Foldable Intraocular Lenses. The report provides ...
... New Mexico Software, Inc. (OTC Bulletin ... and solutions that enable improved and faster communication within the healthcare ... diagnostic imaging services for the Heart Institute of the Caribbean ... Jamaica. HIC is now sending nuclear and other exams ...
Cached Medicine Technology:Reportlinker Adds Global Intraocular Lenses Industry 2New Mexico Software Launches Company's First International Telemedicine Service 2New Mexico Software Launches Company's First International Telemedicine Service 3
Electric high speed system....
Designed to give maximum drying area while taking up minimal bench space....
Used to remove wrinkles from sections and for reorientating embedded tissue....
Compact instrument that quickly dries racks of slides using warm air....
Medicine Products: