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Kensey Nash Reports Strong Second Quarter and First Six Month Fiscal Year 2009 Results
Date:1/28/2009

tal Sales Data. Net sales for the second quarter and first six months of fiscal 2009 increased to $14.0 and $27.4 million up from $13.1 and $24.7 million, respectively, in the prior fiscal year periods. Additional details are summarized below. 

                     Three Months Ended Year over  Six Months Ended Year over
                       December 31,       Year %      December 31,   Year %
                     2008       2007     Change    2008       2007   Change
    ($millions)
    Orthopaedic
     Products        $7.1       $7.2      (2%)    $15.1      $13.4     13%
    Cardiovascular
     Products        $5.3       $3.5      48%      $9.2       $7.4     26%
    Endovascular
     Products        $0.9       $1.7     (47%)     $1.7       $3.0    (45%)
    Other Products   $0.7       $0.7       2%      $1.4       $0.9     56%
    Total Net
     Sales -        $14.0      $13.1       6%     $27.4      $24.7     11%

Guidance for Fiscal Quarter Ending March 31, 2009 (Third Quarter of Fiscal 2009)

For the third quarter of fiscal 2009, the Company currently anticipates that its net sales will be in a range of $13.5 to $14.0 million, representing a slight decrease from the comparable prior fiscal year quarter. The Company expects this decrease because of its shift from a direct sales model of the endovascular products in fiscal year 2008 to a strategic partnership resulting from the sale of the endovascular business in May 2008. Biomaterial sales are expected to be in the range of $12.7 million to $13.1 million, representing an increase of 1% to 4% from the comparable prior fiscal year quarter, and endovascular sales are expected to be approximately $900,000, representing a decrease of 42% from the comparable prior fiscal year quarter. Royalties are expected to be in the range of $6.9 to $7.1 million, representing a 7% to 10% increase from the comparable prior fiscal year quarte
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SOURCE Kensey Nash Corporation
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