Exactech, Inc.
Exactech Q1 Revenue Up 16% to $29.6M; Net Income Up 19% to $1.9M or $0.16 EPS
Published in Lab Law Weekly, May 18th, 2007
Exactech (NASDAQ:EXAC), a developer and producer of bone and joint restoration products, including orthopaedic implants and biologic materials, announced that revenue for the first quarter of 2007 increased 16% to $29.6 million, from $25.4 million in the first quarter of 2006. Net income for the quarter was $1.9 million, or $0.16 per diluted share, a gain of 19% from the $1.6 million, or $0.14 per diluted share, in the first quarter of 2006.
Exactech Chairman and CEO Bill Petty said, "First quarter results continue to demonstrate growth across all major product lines. Sales from knee systems rose 13% to $15.7 million from $13.9 million in the first quarter of 2006,...
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Source: Lab Law Weekly (2007-05-18)
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