HeartWare is a global Class III medical device company dedicated to creating revolutionary technology for the treatment of heart failure, which enable patients to get back to life.
Type
Subsidiary
Parent Company
Medtronic
HQ
Framingham, US
Founded
2004
Heartware International was founded in 2004 and is headquartered in Framingham, US
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Key People/Management at Heartware International

Douglas Godshall

Douglas Godshall

Managing Director, CEO

Heartware International Office Locations

Heartware International has an office in Hialeah, Arden Hills and Framingham
Framingham, US (HQ)
500 Old Connecticut Path
Arden Hills, US
205 4105 Lexington Ave N
Hialeah, US
14400 NW 60th Ave
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Heartware International Financials and Metrics

Summary Metrics

Founding Date

2004

Total Funding

$55 m
In total, Heartware International had raised $55 m. Heartware International is a subsidiary of Medtronic

Heartware International Financials

Heartware International's revenue was reported to be $276.84 m in FY, 2015 which is a 0.6% decrease from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

207.9 m278.4 m276.8 m

Revenue growth, %

34%(1%)

Cost of goods sold

76.5 m92.2 m103.3 m

Gross profit

131.5 m186.2 m173.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

54.8 m66.5 m70.1 m68.6 m70 m73.6 m65.2 m55.1 m68.7 m

Cost of goods sold

19.5 m22.9 m23 m23 m22 m25.2 m33 m23 m23.8 m

Gross profit

35.3 m43.6 m47.2 m45.6 m48 m48.3 m32.2 m32.1 m44.9 m

Gross profit Margin, %

64%66%67%67%69%66%49%58%65%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

162.9 m102.9 m175 m

Accounts Receivable

28.1 m38 m35.6 m

Inventories

40.9 m54 m47.7 m

Current Assets

280.6 m276.5 m329.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

187.9 m145.6 m146.6 m113.6 m102.5 m181.2 m184.9 m113.3 m129.2 m

Accounts Receivable

30.3 m41.3 m36.5 m37.4 m36.6 m35.6 m35 m29.5 m38.7 m

Inventories

37.9 m44.1 m45.7 m51.8 m52.4 m50.6 m47.2 m43.4 m37.9 m

Current Assets

303.5 m275.2 m272.7 m277.7 m269.1 m343.3 m337.2 m268 m267.2 m
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

(59.3 m)(19.4 m)(72.8 m)

Inventories

(4.3 m)(16 m)3.5 m

Accounts Payable

3.6 m(4.3 m)2 m

Cash From Operating Activities

(22.2 m)(17.2 m)(498 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Net Income

(11.4 m)(19.4 m)8.4 m(7.4 m)(14.5 m)
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