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Article: Cardica Announces Fiscal 2010 First Quarter Financial Results and Business Progress.(Financial report)

Article from:
Heart Disease Weekly
Article date:
November 15, 2009
Copyright

Cardica, Inc. (NASDAQ:CRDC) reported financial results for its fiscal 2010 first quarter ended September 30, 2009. Our financial results reflect a transition of our sales model related to our automated anastomotic systems used by cardiac surgeons to perform coronary bypass surgery and the expansion of our business through the development of an endoscopic microcutter intended for use by general, thoracic, gynecologic, bariatric and urologic surgeons (see also Surgery).

"During the first quarter of fiscal 2010, we signed six new agreements with independent distributors and manufacturers' representatives, bringing our external sales team to 22. We utilized the ...

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