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NxStage Reports Record Revenue For The Second Quarter Of Fiscal 2013
Date:7/25/2013

LAWRENCE, Mass., July 25, 2013 /PRNewswire/ --

Highlights:

  • Revenue Increases to $65.5 million, up 11% from Q2'12
  • Home Revenue Increases to $32.7 million, up 6% from Q2'12
  • Company Reaffirms Top Line Revenue Guidance for 2013
  • Company Opens First Center of Excellence
  • Company Expands into Canada
  • NxStage Medical, Inc. (Nasdaq: NXTM), a leading manufacturer of innovative dialysis products, today reported second quarter financial results with total revenue at the top end of its guidance range.

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

    Revenue for the second quarter of 2013 increased 11% to a record $65.5 million, compared with revenue of $59.0 million for the second quarter of 2012.  The higher revenues were driven by increased adoption of the NxStage® System One™.

    Home revenue increased to $32.7 million for the second quarter of 2013 compared with revenue of $30.7 million for the second quarter of 2012. 

    Critical Care revenue increased to $10.8 million for the second quarter of 2013 compared with revenue of $9.4 million for the second quarter of 2012.  In-center revenue increased to $21.2 million for the second quarter of 2013 compared with revenue of $18.2 million for the second quarter of 2012. 

    NxStage reported a net loss of $3.4 million, or $(0.06) per share for the second quarter of 2013 compared with a net loss of $5.1 million, or $(0.09) per share for the second quarter of 2012.  Net loss for the second quarter of 2013 includes a $1.2 million tax benefit related to the conclusion of a foreign tax audit.

    "Our results reflect solid progress and early benefit from our strategic growth initiatives, including our new direct to patient marketi
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    SOURCE NxStage Medical, Inc.
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