This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Synergetics USA Announces Preliminary Results For Fourth Quarter 2011 Including Record Sales And Net Income From Operations

Stocks in this article: SURG

Synergetics USA, Inc. (NASDAQ: SURG), a medical device company that designs, manufactures and markets innovative surgical instruments for ophthalmic and neurosurgical applications, today announced that it expects to report record sales and net income from operations for the fourth fiscal quarter ended July 31, 2011.

Synergetics to Report Record Fourth Quarter Results

The Company expects to report sales increased to approximately $15.8 million in the fourth quarter of fiscal 2011 compared with $13.1 million in the fourth quarter of the prior year. Net income for the fourth quarter of fiscal 2011 is expected to approximately double to $2.0 million compared with $1.0 million in the fourth quarter of fiscal 2010.

“Fourth quarter total sales grew by 21 percent as compared to the quarter ended July 31, 2010,” stated Dave Hable, President and CEO of Synergetics USA, Inc. “Our sales accelerated in the fourth quarter due to increased demand for our ophthalmic disposable, marketing partner and OEM products. We also expect our operating income and net income to almost double from the amount we reported in the fourth quarter of last year. Our gross margin improved to 59.6% in the fourth quarter. We continued to benefit from our increased leverage by utilizing our marketing partners to sell and distribute our neurosurgical products and from our lean manufacturing initiatives which allowed our operating margin to grow to 18.7% in the fourth quarter.”

“Our focus for fiscal 2012 will be to continue the development of key research and development projects for vitreoretinal and intracranial microsurgery products that have the greatest market potential. We expect the combination of these strategies to enhance our long-term sales and earnings potential,” concluded Mr. Hable.

Fourth Quarter Conference Call and News Release Information

The Company will host a conference call at 10:30 a.m. Eastern time on October 12, 2011, to review the Company’s results for the fourth quarter and fiscal year 2011. A news release announcing the fourth quarter and fiscal year 2011 results will be issued on Tuesday, October 11, 2011, after market close.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,185.85 +211.54 1.25%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,573.3830 +24.1570 0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs