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NxStage Reports Record Revenue For The Second Quarter Of Fiscal 2012
Date:8/8/2012

LAWRENCE, Mass., Aug. 8, 2012 /PRNewswire/ --

Highlights:

  • Revenue Increases to $59.0 million, up 10% from Q2'11
  • Home Revenue Increases to $30.7 million, up 14% from Q2'11
  • Gross Margin Increases to 38%, up from 35% in Q2'11
  • Company Announces European Market Approval for Enhancements to System One
  • NxStage® Medical, Inc. (Nasdaq: NXTM), a leading manufacturer of innovative dialysis products, today reported record financial results for the second quarter ended June 30, 2012, with total revenue above the top end of its guidance range. 

    (Logo: http://photos.prnewswire.com/prnh/20110503/MM94799LOGO)

    Revenue for the second quarter of 2012 increased 10% to $59.0 million, compared with revenue of $53.8 million for the second quarter of 2011.  The higher revenues were driven by increased adoption of the NxStage System One™.

    Home revenue for the second quarter of 2012 increased 14% to a record $30.7 million compared with revenues of $27.0 million for the second quarter of 2011. 

    "Home and more frequent hemodialysis with the System One is great therapy that has been consistently reported to give patients access to a much richer and longer life.
    We continue to show that our therapy can benefit patients, providers and payors," stated Jeffrey H. Burbank, Chief Executive Officer of NxStage. "As a result, we continue to break down the barriers to adoption and deliver strong revenue growth consistent with our expectations."

    Critical Care revenue increased 9% to $9.4 million for the second quarter of 2012 compared with revenues of $8.6 million for the second quarter of 2011.  Revenue in the In-Center market was $18.2 million for the second quarter of 2012. 

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    SOURCE NxStage Medical, Inc.
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