the United States and may be different from similar non-GAAP financial measures used by other companies. The non-GAAP financial measure disclosed by the Company is not meant to be considered superior to or a substitute for results of operations prepared in accordance with GAAP. Management uses Adjusted EBITDA (EBITDA adjusted for stock based-compensation, deferred revenue recognized, manufacturing transition costs and other non-cash expenses) to understand operational cash usage. The Company believes the non-GAAP financial measure provides useful and supplementary information allowing investors greater transparency to one measure used by management. The non-GAAP financial measure is meant to supplement, and to be viewed in conjunction with, GAAP financial measures. The non-GAAP financial measure is reconciled to the most comparable GAAP financial measure below.
NxStage Medical, Inc.Condensed Consolidated Statements of Operations(in thousands, except per share data)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2011201020112010Revenues
$55,903$45,033$160,235$129,449Cost of revenues
36,36330,073103,79788,914Gross profit
19,54014,96056,43840,535Operating expenses:Selling and marketing
9,4468,45228,02525,034Research and development
3,3883,13210,6949,369Distribution
4,7093,78813,29810,831General and administrative
5,7086,02316,75016,604Total operating expenses
23,25121,39568,76761,838Loss from operations
(3,711)(6,435)(12,329)(21,303)Other expense:Interest expense
(1,186)(1,176)(3,513)(3,432)Other (expense), net
(146)(341)(342)(128)(1,332)(1,517)(3,855)(3,560)Net loss before income taxes
(5,043)(7,952)(16,184)(24,863)Provision for income taxes
235212654556Net loss
$ (5,278)$ (8,164)$ (16,838)$ (25,419)Net loss per share, basic and diluted
$ (0.10)$ (0.17)$
(0.31)$
(0.54)Weighted-average
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SOURCE NxStage Medical, Inc. Copyright©2010 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 7 Related medicine technology :1.
NxStage® Ranked Number 141 on the Fastest Growing Company in North America on Deloittes 2011 Technology Fast 500™2.
NxStage® to Report Third Quarter Fiscal 2011 Financial Results3.
NxStage Says Thank You to Patients and Care Partners at the 2nd Annual NxStageUsers Meet-Up and Conference in New Orleans4.
NxStage System One Patients Join Patient Advocacy Groups on Capitol Hill5.
NxStage Board Member Dr. Barry M. Straube Honored with Prestigious Award from the American Association of Kidney Patients6.
NxStage: NIH Study Published in New England Journal of Medicine Adds to Growing Body of Evidence in Support of More Frequent Hemodialysis7.
NxStage to Present at UBS Global Life Sciences Conference8.
NxStage Medical Founder and CEO Jeffrey Burbank Honored With Mass High Tech All-Star Award9.
Former NxStage System One User Celebrates One-Year Kidney Transplant Anniversary10.
NxStage® Highlights Non-Medical Emergency Preparedness Guidebook for System One™ Home Hemodialysis Patients11.
NxStage Celebrates Seven Year Anniversary of IU Healths Home Hemodialysis Program and Patient Milestones