CryoLife Reports Preliminary Financial Results for Third Quarter 2018 in Anticipation of Discussions with Senior Lenders Regarding Repricing Senior Credit Facility
Preliminary and unaudited revenue for the third quarter of 2018 is expected to be approximately
"Our third quarter revenue results were driven by continuing strength in JOTEC, which increased 32 percent on a non-GAAP basis, On-X, which increased 36 percent year-over-year, and tissue processing, which grew 15 percent," said
Additionally, the Company announced that 2018 third quarter financial results will be released on
To listen to the live teleconference, please dial 201-689-8261 a few minutes prior to
The live webcast and replay can be accessed in the Investor Relations section of the
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CRYOLIFE, INC. AND SUBSIDIARIES |
Reconciliation of GAAP to Non-GAAP Revenues |
(In thousands) |
(Unaudited) |
||||||
Three Months Ended |
||||||
September 30, |
||||||
2018 |
2017 |
Growth |
||||
Reconciliation of total revenues, GAAP |
||||||
to total revenues, non-GAAP: |
||||||
Total revenues, GAAP |
$ |
64,598 |
$ |
43,999 |
47% |
|
Plus: JOTEC pre-acquisition revenues |
-- |
11,339 |
||||
Total revenues, non-GAAP |
$ |
64,598 |
$ |
55,338 |
17% |
|
Contacts: |
|
CryoLife D. Ashley Lee Executive Vice President, Chief Financial Officer and Chief Operating Officer Phone: 770-419-3355 |
Gilmartin Group LLC Greg Chodaczek / Lynn Lewis Phone: 646-924-1769 |
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