Cardiovascular Systems (NSDQ:CSII) today released 4th quarter and full year 2016 results, topping the Street’s estimates and releasing its 1st quarter outlook.
Cardiovascular Systems reported losses of $4.9 million, or 15¢ per share, on sales of $48.5 million for the 3 months ended June 30. That amounts to a 43.7% reduction in losses as sales stayed steady compared with the same period during the last fiscal year.
Analysts on Wall Street expected to see $45.9 million in revenue and losses per share of 22¢ for the quarter, both of which the company topped.
