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.

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!