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

of the prior year. For the nine-month period ended January 25, 2008, we reported a net loss of $13.2 million, or $0.50 per share, compared to a loss of $40.4 million, or $1.59 per share, in the nine-month period ended January 26, 2007.

Balance sheet

The Company's cash balances have increased by $5.1 million since the end of the prior fiscal year. This increase reflects an improvement in operating results, including positive operating cash flow in the most recent quarter and receipt of the licensing fee referred to earlier, offset by the repayment of all amounts owed under the revolving line of credit.

Share repurchase program

The company's Board of Directors ("Board") has authorized the repurchase of up to one million shares of the company's outstanding common stock. The company anticipates the share repurchase program will be implemented using open-market purchases. The number of shares actually repurchased and the timing of any repurchases will depend on factors such as the stock price, economic and market conditions, and corporate and regulatory requirements. The share repurchase program may be suspended or discontinued at any time. The repurchase program announced today supersedes the repurchase program announced in May 2006.

Progress towards objectives

As announced previously, the company's objectives are to:

-- Return to positive cash flow and profitability as soon as possible;

-- Build sustainable growth in the company's core epilepsy business;

-- Refine the company's clinical and payor strategies for depression;

-- Continue to seek partnership opportunities; and

-- Improve communication with all stakeholders.

"During our fiscal third quarter, we again made good progress in several areas. With respect to our first objective, we achieved a small operating profit, the first in more than three years, and positive operating cash flow. While we are encouraged by this result, which
'/>"/>

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)... (PRWEB) May 28, 2015 Workers’ compensation costs ... typical state, a recent study by the Workers Compensation ... over a three-year period. , The WCRI study, CompScope™ ... which workers missed seven days or more of work with ... the average 2011 Michigan claim was 4 percent lower than ...
(Date:5/28/2015)... May 28, 2015 Senior Housing Assistance ... Lou Piniella, who managed the Seattle Mariners team that ... will appear in television and digital advertising for SHAG ... apartment communities, including several new communities slated to open ... Bothell, Lynnwood, Mountlake Terrace, Tukwila, and University Place. , ...
(Date:5/28/2015)... May 28, 2015 Nidra Herbal Sleep Supplement ... on the body. A non-addictive supplement, Nidra Herbal Sleep Supplement ... natural ingredients will leave users with a real sense of ... care , Ayurveda, which translates as the “Science or Knowledge ... years ago and is a holistic system of knowledge which ...
(Date:5/28/2015)... VA (PRWEB) May 28, 2015 More ... Frozen Yogurt will raise money to help the Muscular ... fighting muscular dystrophy and related life-threatening diseases that limit ... Summer Camp mobile program. , From June 1 to ... that offer customers the opportunity to help send local ...
(Date:5/28/2015)... May 28, 2015 Ticket Down is a ... match between Mexico and Argentina in early September. ... world will compete on the pitch at AT&T Stadium in ... in an international friendly on Tuesday, September 8th at 9 ... nations in the world including some of the most loved ...
Breaking Medicine News(10 mins):Health News:Michigan Workers’ Compensation Costs Lower Than Most States, Says WCRI Study 2Health News:SHAG Announces New Spokesperson: Lou Piniella 2Health News:Ayurveda Herba Corp’s Revolutionary Herbal Sleep Supplement is Now Available from Amazon.com 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:Mexico vs. Argentina Tickets at AT&T Stadium: Ticket Down Slashes Ticket Prices on Argentina vs. Mexico Presale Tickets at AT&T Stadium for 9/8/15 Friendly Match 2Health News:Mexico vs. Argentina Tickets at AT&T Stadium: Ticket Down Slashes Ticket Prices on Argentina vs. Mexico Presale Tickets at AT&T Stadium for 9/8/15 Friendly Match 3
... Thursday, elderly persons who had failed to receive information on ... insurance by Medicare, will be given an extra time period ... ,The Health Care Financing Administration, U.S. of the ... ,Medicare is the primary federal health care program ...
... cholesterol-lowering drugs do increase the risk of painful inflammation ... according to Sonal Singh, M.D., from Wake Forest University ... a fairly common condition and cholesterol-lowering drugs have been ... people around the world take these drugs, our aim ...
... has shown that GlaxoSmithKline's Tykerb along with Roche's Xeloda ... HER2// positive advanced breast cancer, where the disease had ... the findings, researchers opined that, Tykerb should be checked ... HER2 positive breast cancer. ,"Patients with advanced ...
... caught the attention of the ministry. Zoltan Nagy, intervening ... to being aware of five to 10 private clinics ... but refuses to disclose the names or exact number ... come up because the legislation binds only doctors to ...
... diseases.,A potbelly indicates that the risk of a heart attack// ... skinny as a beanpole. ,This new study suggests ... waist size to the hips, an elevated waist-to-hip ratio predicts ... even people who would otherwise be considered safe going by ...
... exercise by doing household chores like dusting, mopping and ... a new study.// ,The research funded by ... European countries and found that doing housework was far ... edition of BBC News. , ,It was earlier ...
Cached Medicine News:Health News:Risk of Acute Pancreatitis Low With Statins 2Health News:Pot Belly Is A Better Risk Predictor Of Heart Attack Than BMI 2
(Date:5/28/2015)... , May 28, 2015  The U.S. Department of ... Medical Inc. and Rehab Medical Inc. to resolve a ... the filing of a whistleblower lawsuit by two former ... representatives, under the direction of one of Orbit,s top ... that Orbit could obtain payment from Medicare for electric ...
(Date:5/28/2015)... Mass. , May 28, 2015  Merck ... leading company for innovative and top-quality high-tech products ... announced a global collaboration agreement with the fertility ... to advancing fertility science and helping couples create ... Germany , a global market leader ...
(Date:5/28/2015)... 2015 A new report ... Service, Application, Stakeholders and Geography) - Size, Industry Analysis, ... the global mHealth market was valued at $10.5 ... at a CAGR of 33.5% during 2015-2020. Blood ... global mHealth device market followed by blood glucose ...
Breaking Medicine Technology:Electric Wheelchair Sellers Agree To $7.5 Million Settlement Of Whistleblower Case Alleging That Company Forged Medical Records As Part Of Scheme To Defraud Medicare 2Electric Wheelchair Sellers Agree To $7.5 Million Settlement Of Whistleblower Case Alleging That Company Forged Medical Records As Part Of Scheme To Defraud Medicare 3Electric Wheelchair Sellers Agree To $7.5 Million Settlement Of Whistleblower Case Alleging That Company Forged Medical Records As Part Of Scheme To Defraud Medicare 4Merck KGaA, Darmstadt, Germany, as Pioneer in Assisted Reproductive Treatments, Takes Leading Role in Fertility Technologies, Announces a Global Collaboration Agreement with Genea Biomedx 2Merck KGaA, Darmstadt, Germany, as Pioneer in Assisted Reproductive Treatments, Takes Leading Role in Fertility Technologies, Announces a Global Collaboration Agreement with Genea Biomedx 3Merck KGaA, Darmstadt, Germany, as Pioneer in Assisted Reproductive Treatments, Takes Leading Role in Fertility Technologies, Announces a Global Collaboration Agreement with Genea Biomedx 4mHealth Market to Grow at an Impressive CAGR of 33.5% During 2015 - 2020 - Allied Market Research 2mHealth Market to Grow at an Impressive CAGR of 33.5% During 2015 - 2020 - Allied Market Research 3mHealth Market to Grow at an Impressive CAGR of 33.5% During 2015 - 2020 - Allied Market Research 4
... , , ROYAL OAK, ... and business security company today announced the exclusive ... look like a piece of jewelry, these personal emergency ... response assistance. , (Photo: http://www.newscom.com/cgi-bin/prnh/20091202/DE19790 ) , ...
... , WESTON, Fla., Dec. 2 American Scientific Resources ... Plus(TM), the world,s only FDA approved home needle destruction device (NDD), ... designed to fill the current demand for home injection prescription drug ... SB 486 which requires Californian,s to safely dispose of their ...
Cached Medicine Technology:World's Only FDA Approved Home Needle Destruction Device is in Production 2World's Only FDA Approved Home Needle Destruction Device is in Production 3
A straight suture punch with 2.5 mm needle and 2/0 to #1 monofilament suture....
... provide superior tissue excision with precision-matched, diamond-honed ... tooth pattern to capture loose bodies drawn ... stress pin buffering system to minimize tip ... stress pin buffering system applies increasing tension ...
Athroscopic leg holder system....
... Featuring two rapid response roller-pumps, ... maintaining a clear surgical field. Furthermore ... surgeon total control over intra-articular pressure ... system includes foot pedal controls, providing ...
Medicine Products: