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Article: Advanced Neuromodulation Systems Fourth Quarter Net Income Increases to $0.07 Per Diluted Share From $0.01 As Revenue Increases 33% to a Record $10.5 Million.
- Article from:
- Business Wire
- Article date:
- February 14, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
DALLAS--(BUSINESS WIRE)--Feb. 14, 2002
Advanced Neuromodulation Systems, Inc. (ANS) (Nasdaq:ANSI) announced today that net income for the fourth quarter ended December 31, 2001 increased to $680,000, or $0.07 per diluted share, from $95,000, or $0.01 per diluted share, for the fourth quarter of 2000. Gross margin for the 2001 fourth quarter improved to 61% from 53% a year earlier. Revenue increased 33% to a record $10,471,000 from $7,865,000 for the fourth quarter of 2000.
ANS' fourth quarter growth reflected a 25% increase in sales of its neuromodulation systems for the treatment of chronic intractable pain. Fourth quarter ...
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