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NxStage Reports Record Third Quarter 2011 Financial Results and Raises Revenue Guidance For 2011
Date:11/3/2011

LAWRENCE, Mass., Nov. 3, 2011 /PRNewswire/ --

Highlights:

- Revenue Increases to $55.9 million, up 24% from Q3'10

- Home Market Increases to $27.2 million, up 22% from Q3'10

- Gross Margin Increases to 35%, up from 33% in Q3'10

NxStage Medical, Inc. (Nasdaq: NXTM), a leading manufacturer of innovative dialysis products, today reported record financial results for the third quarter ended September 30, 2011, with total revenue well above the top end of its guidance range.

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

Revenue for the third quarter of 2011 increased to $55.9 million, an increase of 24 percent when compared with revenue of $45.0 million for the third quarter of 2010.  The growth was driven by strong operating performance across the Company's business.

The Company grew Home revenue to $27.2 million for the third quarter of 2011, representing an increase of 22 percent when compared with revenue of $22.3 million for the third quarter of 2010.  Critical Care revenue grew to $9.2 million for the third quarter of 2011, representing an increase of 35 percent when compared with revenue of $6.8 million for the third quarter of 2010.  Revenue for In-Center, from the Company's Medisystems business, increased to $19.5 million for the third quarter of 2011, representing an increase of 23 percent when compared with revenue of $15.9 million for the third quarter of 2010.  

"Not only was this a record quarter with respect to revenues, but also one where we made meaningful progress in advancing metrics across our business," stated Jeffrey H. Burbank, CEO of NxStage Medical, Inc.  "These results are strong validation of our business model and we see significant opportunities across our business to advance our long term growth strategy.  We are particularly pleased with the growi
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SOURCE NxStage Medical, Inc.
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3. NxStage Says Thank You to Patients and Care Partners at the 2nd Annual NxStageUsers Meet-Up and Conference in New Orleans
4. NxStage System One Patients Join Patient Advocacy Groups on Capitol Hill
5. NxStage Board Member Dr. Barry M. Straube Honored with Prestigious Award from the American Association of Kidney Patients
6. NxStage: NIH Study Published in New England Journal of Medicine Adds to Growing Body of Evidence in Support of More Frequent Hemodialysis
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