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Endologix Reports 22% Second Quarter 2011 Revenue Growth
Date:7/21/2011

IRVINE, Calif., July 21, 2011 /PRNewswire/ -- Endologix, Inc. (NASDAQ: ELGX), developer and marketer of innovative treatments for aortic disorders, today announced financial results for the three and six months ended June 30, 2011.

John McDermott, Endologix President and Chief Executive Officer, said, "We are pleased with our progress during the quarter and remain on track to achieve our growth and new product development goals for 2011.  In the second quarter, global revenue grew by 22% compared to the prior year and by 30% in the U.S. market, driven by the ongoing adoption of our endovascular AAA devices and the effectiveness of our sales force.  During the quarter we received FDA approval of our new AFX™Endovascular AAA System, which will provide clinicians with improved access, precise deployment and enhanced sealing characteristics.  We introduced AFX at the Society for Vascular Surgery annual meeting last month and received positive physician feedback."

Mr. McDermott added, "Our recently announced decision to accelerate the transition of our existing products to a direct sales force in Europe is an important step in becoming a leading player in the global endovascular AAA market.  We are already building relationships with physicians in Europe and look forward to working with them directly, starting on September 1, 2011.  Our development and regulatory programs for AFX, Ventana™ and Nellix® remain on track and we believe these new technologies will improve outcomes and significantly increase the number of AAA patients who can be treated with endovascular devices."

Financial ResultsTotal revenue in the second quarter of 2011 was $19.2 million, a 22% increase from $15.7 million in the same quarter of 2010, and a 3% increase from the first quarter of 2011.  Domestic revenue was $16.6 million, a 30% increase co
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SOURCE Endologix, Inc.
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