Business & Finance

Endovascular device company reports $33.5 million in third quarter net sales

Published in Medical Devices and Surgical Technology Week, December 4th, 2005

Ev3 Inc. (EVVV), an endovascular device company, reported its financial results for its fiscal third quarter ended October 2, 2005 with net sales of $33.5 million, an increase of 70% versus net sales of $19.7 million in the third quarter of 2004. This growth was generated internally and reflected strong net sales growth in each of ev3's reportable business segments and geographic markets.

New products and an expansion of the ev3 sales and distribution organization were the important growth drivers. Reported net sales for ev3 include the consolidated net sales of the company's majority-owned subsidiary, Micro Therapeutics, Inc. (MTIX), an endovascular device company...

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Source: Medical Devices and Surgical Technology Week (2005-12-04)

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