AngioDynamics Stock Is Falling Thursday: What's Going On?
AngioDynamics Inc. (NASDAQ: ANGO ) stock plunged more than 21% Thursday despite reporting better-than-expected first-quarter financial results. Trading activity was elevated, with approximately 1.94 million shares changing hands, nearly 3.8 times the 100-day average volume of 510,494 shares. The company also appointed Eric Honroth as president and CEO, effective Nov. 2. He will succeed Jim Clemmer. First-Quarter Financial Results The medical device company reported a first-quarter adjusted loss of 4 cents per share, beating the consensus estimate for a loss of 11 cents. Revenue rose 6.9% to $80.915 million, beating analysts' expectations of $80.50 million. Med Tech sales increased 13.2% to $39.9 million, driven by growth in key product lines. In the mechanical thrombectomy business, AlphaVac sales jumped 37.4% year over year and 6.4% sequentially. However, AngioVac sales declined 5.9% year over year, although they increased 9.1% sequentially. AngioVac is a minimally invasive device used to remove blood clots, masses, and tissue from blood vessels and the heart. Clemmer said AngioVac faced a difficult year-over-year comparison. However, underlying demand remains strong, and the comp
AngioDynamics Inc. (NASDAQ: ANGO ) stock plunged more than 21% Thursday despite reporting better-than-expected first-quarter financial results. 8 times the 100-day average volume of 510,494 shares. The company also appointed Eric Honroth as president and CEO, effective Nov.
2. He will succeed Jim Clemmer. First-Quarter Financial Results The medical device company reported a first-quarter adjusted loss of 4 cents per share, beating the consensus estimate for a loss of 11 cents. 50 million.
9 million, driven by growth in key product lines. 4% sequentially. 1% sequentially. AngioVac is a minimally invasive device used to remove blood clots, masses, and tissue from blood vessels and the heart.
Clemmer said AngioVac faced a difficult year-over-year comparison. However, underlying demand remains strong, and the company expects growth to normalize as the year progresses. CFO Steve Trowbridge told investors that AngioVac serves a relatively niche market. The company expects sales growth in the single digits.
7% to $12 million. 3 million, driven by continued demand for prostate procedures. 5%. 4% to $41 million.
As of Aug. 31, 2026, AngioDynamics had $34 million in cash and maintained a debt-free balance sheet. See More: Top Value Stocks Fiscal 2027 Outlook AngioDynamics reaffirmed its fiscal 2027 guidance. The company expects an adjusted loss of 24 cents to 29 cents per share, compared with the consensus estimate for a loss of 27 cents.
40 million. FDA Clears NanoKnife Feasibility Study Separately, AngioDynamics received FDA approval for an investigational device exemption (IDE) for its RELIEF study. The feasibility trial will evaluate NanoKnife irreversible electroporation technology for treating benign prostatic hyperplasia, or an enlarged prostate. The study plans to enroll 40 patients and measure changes in urinary symptom scores after six months.
14 at the time of publication Thursday, according to Pro data. Image via Shutterstock Read Also: AI Monetization Moat: Meta Leverages Social Engagement to Offset Rising Infrastructure Spending