Article: Advanced Neuromodulation Systems First Quarter Revenue Increases 38% to a Record $11.5 Million; Net Income Increases to $0.08 Per Diluted Share.

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DALLAS--(BUSINESS WIRE)--April 24, 2002

Advanced Neuromodulation Systems, Inc. (ANS) (NASDAQ:ANSI) announced today that revenue for the first quarter of 2002 increased 38% to a record $11,473,000 from $8,341,000 for the first quarter of 2001, and from $10,471,000 for the fourth quarter of 2001.

Net income for the first quarter of 2002 increased to $837,000, or $0.08 per diluted share. This compares to a net loss of $6,000, or $(0.00) per share, for the first quarter of 2001, and to net income of $680,000, or $0.07 per diluted share, for the fourth quarter of 2001. Gross margin rose to 61% for this year's first quarter from 57% a ...

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