Innerdyne -- Why are they still losing money? Message Board

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Biotech / Medical : Innerdyne -- Why are they still losing money?

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To: mark collins who wrote (62)	10/31/2000 6:33:47 PM
From: Charles W. Breaux, Jr.	Read Replies (2) of 68

To all: For what it's worth, InnerDyne reported 3rd quarter results today: quicken.com SUNNYVALE, Calif.--(BW, news, msgs HealthWire)--Oct. 31, 2000--InnerDyne, Inc. (NASDAQ NM: IDYN) today reported financial results for the three and nine months ended September 30, 2000. Third quarter 2000 net income increased 231% to $1.19 million, or $0.05 per diluted share, compared with net income of $359 thousand, or $0.02 per share in 1999. Net income before tax was $1.2 million, an increase of 238% compared with net income before tax of $363 thousand in the third quarter of 1999. Third quarter 2000 total revenues increased 21% to $6.41 million, compared with $5.31 million in 1999, while product revenues rose 23% to $6.39 million. Gross margins in the third quarter 2000 exceeded 74%. EPS up 150% relative to 3rd-quarter last year. I still think we're getting somewhat screwed in the takeover, getting only $7.50 TYC equivalent per IDYN share. JMHO. Chuck

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