FoxHollow Technologies Reports Fourth Quarter 2005 Revenues of $41.9 Million; Annual Revenues More Than Triple to $128.2 Million
Tuesday, February 21, 2006 4:13:32 PM ET
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Feb 21, 2006 /PRNewswire-FirstCall / -- FoxHollow Technologies, Inc. (FOXH), which manufactures and markets the SilverHawk(TM) Plaque Excision System -- a minimally invasive device for the treatment of peripheral artery disease (PAD) -- today reported results for the fourth quarter and full year of fiscal 2005.
For the fourth quarter ended December 31, 2005, the company had revenues of $41.9 million, a 16 percent increase over revenues of $36.1 million in the third quarter of 2005 and 185 percent increase over revenues of $14.7 million in the fourth quarter of 2004.
FoxHollow reported a gross margin on product sales of 70 percent versus 73 percent in the prior quarter and 52 percent in the fourth quarter a year ago. The net loss for the fourth quarter of 2005 was $160,000, or $0.01 per share, compared with a net loss of $1.5 million, or $0.06 per share, in the third quarter of 2005, and a loss of $7.5 million, or $0.50 per share, in the fourth quarter a year ago. Included in these results are non-cash, stock-based compensation expenses of $1.2 million in the fourth quarter of 2005, $2.2 million in the third quarter of 2005 and $2.8 million in the fourth quarter of 2004. Net income excluding stock-based compensation expense was $1.1 million, or $0.05 per share, in the fourth quarter of 2005. |
