AngioDynamics, Inc. specializes in the development, manufacturing, and commercialization of a diverse array of medical, surgical, and diagnostic instruments. These products are ...
AngioDynamics, Inc. (NASDAQ: ANGO) is a medical technology company headquartered in Latham, New York, with a rich history dating back to 1988 when it was established as a division of E-Z-EM. The company specializes in the development, manufacturing, and commercialization of a diverse array of medical, surgical, and diagnostic instruments ...AngioDynamics, Inc. (NASDAQ: ANGO) is a medical technology company headquartered in Latham, New York, with a rich history dating back to 1988 when it was established as a division of E-Z-EM. The company specializes in the development, manufacturing, and commercialization of a diverse array of medical, surgical, and diagnostic instruments that address unmet patient needs in vascular access, peripheral vascular disease, and oncology. AngioDynamics' product portfolio includes advanced ablation systems such as NanoKnife, used for precise surgical removal of soft tissues, and Solero microwave and radiofrequency systems for ablating solid tumors. They also provide innovative devices like the BioSentry tract sealant system, IsoLoc Endorectal Balloons, and Alatus vaginal balloon packing systems, along with angiographic catheters, guidewires, and drainage catheters. In their endovascular therapies segment, they offer solutions for thrombus management, atherectomy, and venous insufficiency. The company is a key supplier of vascular access devices, including peripherally inserted central catheters (PICCs), midline catheters, implantable ports, and dialysis catheters, marketed under well-known brands such as BioFlo, Xcela, and SmartPort. AngioDynamics serves a specialized clientele, including interventional radiologists, cardiologists, vascular surgeons, urologists, and critical care nurses, through direct sales and distributor networks. As of the latest data, the company has approximately 632 employees and a market capitalization of around $648 million. Despite recent financial challenges, evidenced by negative profitability margins and a negative return on equity, the company maintains a strong gross profit margin of 54.6% and continues to invest significantly in research and development (9.2% of revenue). With a focus on disruptive and differentiated technologies, AngioDynamics is dedicated to improving patient outcomes and expanding treatment options, aligning with its mission to restore healthy blood flow and improve quality of life for patients worldwide.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$320.2M
+9.5%
+10.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-36.7M
-8.1%
-41.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+54.6%
+1.3%
+7.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-12.5%
+8.7%
-186.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-11.5%
+1.3%
-27.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$508000
+103.5%
+513.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.2%
+103.2%
+474.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
-100.0%
-100.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.19x
-1.0%
-7.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, and welcome to the AngioDynamics fiscal year 2026 fourth quarter and full year earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded. The news release detailing AngioDynamics fiscal 2026 fourth quarter and full year results crossed the wire earlier this morning and is available on the company's website. This conference call is also being broadcast live over the internet at the investors section of the company website at www.angiodynamics.com. A webcast replay of the call will be available at the same site approximately one hour after the end of today's call. Before we begin, I'd like to caution listeners that during the course of this conference call, the company will make projections or forward-looking statements regarding future events, including statements about expected revenue, adjusted earnings, and gross margin for fiscal year 2027, as well as trends that may continue. Management encourages you to review the company's past and future filings with the SEC, including, without limitation, the company's Forms 10-Q and 10-K, which identify specific factors that may cause the actual results or events to differ materially from those described in the forward-looking statements. The company will also discuss certain non-GAAP and pro forma financial measures during this call. Management uses these measures to establish operational goals and review operational performance and believes that these measures may assist investors in analyzing the underlying trends in the company's business over time. Investors should consider these non-GAAP and pro forma measures in addition to, not a substitute for, or as superior to, financial reporting measures prepared in accordance with GAAP. A slide package offering insight into the company's financial results is also available in the investors section of the company's website under events and presentations. This presentation should be read in conjunction with the press release discussing the company's operating results and financial performance during this morning's conference call. Unless otherwise noted, all metrics and growth rates mentioned during today's call are on a pro forma basis, which exclude the results of the Dialysis and BioSentry businesses that were divested in June 2023, the PICC and Midline products that were also divested in February 2024, and the RadioFrequency and Syntrax support catheter products that we discontinued in February 2024. Also, unless otherwise noted, all comparisons will be the fourth fiscal quarter of 2026 versus the fourth fiscal quarter of 2025, and the full fiscal year 2026 versus the full fiscal year of 2025. Now, I would like to turn the call over to Jim Clemmer, AngioDynamics President and Chief Executive Officer. Mr. Clemmer?
Jim Clemmer: Thank you, and good morning, everyone, and thank you for joining us for …