Cardiovascular Systems

Health Manufacturing & Industrial distribution medical devices medical diagnostics medtech

Cardiovascular Systems is a medical technology company that develops, manufactures, and markets devices to treat vascular diseases. The Company offers peripheral arterial disease products, which are catheter-based platforms for treating a range of plaque types in leg arteries above and below the knee, including calcified plaque, as well as address various limitations associated with surgical, catheter, and pharmacological treatment alternatives. It also provides an atherectomy device for the treatment of calcified coronary arteries.

Revenue(FY, 2016)

$178.2 M

Market capitalization(2018-05-21)

$973.1 M

Type

Public

Saint Paul, US

Founded

1989

Size (employees)

579 (est)

Website

csi360.com

Cardiovascular Systems was founded in 1989 and is headquartered in Saint Paul, US

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Key People/Management at Cardiovascular Systems

Scott R. Ward

President and CEO

Jeff Points

CFO

Rhonda Robb

COO

Laurence L. Betterley

VP of Administration

Sandra Sedo

CCO

Ryan Egeland

VP Medical Affairs

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Cardiovascular Systems Office Locations

Cardiovascular Systems has offices in Saint Paul and Rochester

Saint Paul, US (HQ)

1225 Old Hwy 8 NW

Rochester, US

651 Campus Drive

Saint Paul, US

651 Campus Drive

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Cardiovascular Systems Financials and Metrics

Cardiovascular Systems Financials

Cardiovascular Systems's revenue was reported to be $178.18 m in FY, 2016 which is a 1.9% decrease from the previous period.

Summary

USD
Revenue (Q3, 2018)	157.9 m
Gross profit (Q3, 2018)	129.2 m
Gross profit margin (Q3, 2018), %	81.8%
Net income (Q3, 2018)	(2 m)
EBIT (Q3, 2018)	(1.5 m)
Market capitalization (21-May-2018)	973.1 m
Closing share price (21-May-2018)	29.3
Cash (31-Mar-2018)	109.3 m

Cardiovascular Systems's current market capitalization is $973.1 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	136.6 m	181.5 m	178.2 m
Revenue growth, %		33%	(2%)
Cost of goods sold	31 m	39.5 m	35.4 m
Gross profit	105.6 m	142 m	142.8 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q3, 2018
Revenue	29.8 m	32.3 m	34.9 m	41.4 m	44.7 m	47 m	43.9 m	41.4 m	44.5 m	49.8 m	50 m	52.1 m	157.9 m
Cost of goods sold	6.9 m	7.3 m	7.7 m	8.9 m	9.3 m	10.4 m	8.8 m	8.1 m	8.7 m	9.5 m	9.2 m	11.1 m	28.7 m
Gross profit	22.9 m	25 m	27.2 m	32.5 m	35.4 m	36.6 m	35.1 m	33.3 m	35.7 m	40.3 m	40.9 m	41 m	129.2 m
Gross profit Margin, %	77%	77%	78%	79%	79%	78%	80%	81%	80%	81%	82%	79%	82%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Cash	126.6 m	83.8 m	60.6 m
Accounts Receivable	21.4 m	30.8 m	23.1 m
Inventories	12.9 m	14 m	17.4 m
Current Assets	162.7 m	133.9 m	104.9 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q3, 2018
Cash	63.2 m	146.7 m	146 m	76.7 m	65.3 m	62.2 m	58.2 m	79.3 m	103.1 m	109.3 m
Accounts Receivable	15.3 m	15.9 m	19.5 m	26.9 m	25.8 m	23 m	24.3 m	25.4 m	27.9 m	31.9 m
Inventories	8.3 m	10.3 m	11.9 m	15.4 m	18.2 m	18.2 m	16.9 m	16.2 m	16.6 m	17 m
Current Assets	88 m	174.3 m	178.4 m	123.4 m	112.8 m	106.7 m	102.1 m	122.9 m	151.8 m	161.2 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	(35.3 m)	(32.8 m)	(56 m)
Depreciation and Amortization	1.2 m	2.2 m	3.7 m
Inventories	(6.6 m)	(1.1 m)	(3.5 m)
Accounts Payable	4.6 m	581 k	(970 k)

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q3, 2018
Net Income	(7.3 m)	(16 m)	(25.7 m)	(8.2 m)	(13.5 m)	(24.2 m)	(13.3 m)	(28.4 m)	(51.1 m)	(1.9 m)	(815 k)	(2.6 m)	(2 m)
Depreciation and Amortization	293 k	579 k	895 k	367 k	751 k	1.3 m	887 k	1.8 m	2.7 m	957 k	1.9 m	2.9 m	2.9 m
Inventories	(2 m)	(4 m)	(5.6 m)	(1.8 m)	(1.1 m)	(329 k)	(1.5 m)	(4.3 m)	(4.3 m)	553 k	1.3 m	835 k	(105 k)
Accounts Payable	1.3 m	1.4 m	4 m	2.1 m	467 k	2.7 m	(18 k)	(1.1 m)	(1.4 m)	257 k	(1 m)	190 k	(544 k)