AngioDynamics’ Earnings Farce

Behold the spectacle of AngioDynamics (ANGO), whose stock ascended 10.5% as if propelled by the ghost of fiscal optimism itself. A mere 10 cents per share in losses, deemed a “beat” by the alchemists of Wall Street, has the crowd cheering like spectators at a masquerade ball.

The analysts, those modern-day prophets, had foretold a $0.12 plunge, yet the company’s ledger revealed only a $0.10 deficit-a minor triumph, if one ignores the fact that victory remains as elusive as a philosopher’s stone. Sales, too, danced to a modest tune, climbing to $75.7 million, though the medical devices segment lagged like a reluctant suitor.

Act I: The CEO’s Grand Proclamation

CEO Jim Clemmer, ever the dramatist, declared the quarter “outstanding,” as though the company’s financials were a sonnet rather than a ledger. One might imagine him atop a pedestal, reciting verses of “momentum” while the audience collectively squints at the numbers.

The med tech segment, however, performed admirably, its 26% growth a beacon of hope-until one recalls the medical devices division’s meager 2% rise. A tale of two halves, where the former dances and the latter limps, all while gross margins gleam like a gilded lie.

Yet here lies the punchline: GAAP losses, those stubborn verities, clocked in at $0.26 per share-twice the “adjusted” profit. A comedy of errors, where accounting tricks masquerade as triumph.

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Act II: The Guidance Gambit

Management, ever the charmers, pledges a fiscal year of “higher sales,” forecasting $308-$313 million. Yet their promises are as hollow as a drum-med tech’s mid-teens growth will supposedly offset the medical devices’ stagnation. A balancing act as precarious as a tightrope walker on a unicycle.

Adjusted profits, they confess, will remain “negative” all year-a euphemism for financial purgatory. And free cash flow, that elusive muse, is “positive” but quantitatively vague. A masterclass in ambiguity, if ever there was one.

Thus, after four decades of existence, AngioDynamics remains a company perpetually on the cusp of salvation, its profitability as distant as a mirage in a desert of shareholder hopes.

For the impatient investor, today’s rally is but a curtain call-a chance to exit the stage before the final act of despair. Let the fools cling to delusion; the wise retire while the lights dim.

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2025-10-02 19:58