Recent Highlights
-- In January 2008, the Company announced that it signed a five-year
agreement with DaVita Inc. to continue to supply DaVita's dialysis
centers with MasterGuard and ButtonHole safety needle sets. Safety
needles are essential products used to access patients' blood during
the vast majority of chronic dialysis therapy treatments. MasterGuard
is the leading product in this market in the United States, and became
part of NxStage's product portfolio through the Company's acquisition
of Medisystems.
-- In November 2007, the Company announced that it entered into a $50
million credit and security agreement from a group of lenders led by
Merrill Lynch Capital, for a term of 42 months. The credit facility
consists of a $30.0 million term loan and a $20.0 million revolving
credit facility. It provides NxStage with additional financial
flexibility to support the growing needs of the Company's commercial
operations.
-- In October 2007, NxStage completed its acquisition of Medisystems
Corporation and certain affiliated entities for 6.5 million shares of
NxStage common stock. The acquisition provides NxStage with increased
commercial, operational and financial scale, positioning the Company to
maintain its leadership in the developing home hemodialysis market, and
gaining the Company a new leadership position in the United States in-
center dialysis market.
2008 Guidance
For the first quarter 2008, the Company expects revenue to be in the
range of $29 million to $31 million. The Company expects a net loss in the
range of $14 million to $15 million or ($0.38) to ($0.41) per share,
inclu
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