AngioDynamics, Inc.: Good for your wealth

Will Atkinson Nov 21, 2007 1:15pm EST User Rating N/A
AngioDynamics, Inc. (Nasdaq: ANGO) Queensbury, New York http://www.angiodynamics.com/
52-week low / high: $15.68 / $27.08Shares Outstanding: 24.02 millionMarket Capitalization: $474.91 million
Everyone from soccer moms wanting varicose veins erased to aging patients needing their clogged arteries cleared has found solutions from AngioDynamics, Inc. (Nasdaq: ANGO). The 19-year-old company makes a wide variety of medical devices that perform cosmetic procedures and others that play a life-saving role. The 550-employee company makes a laser and drug treatment for varicose veins and also makes devices that help deliver chemotherapy drugs.
Aging baby boomers are helping fuel demand for AngioDynamics’ cosmetic procedure services. In fiscal year 2007, ended June 2, 2007, the company’s revenue grew 43% to $112.2 million, from $78.5 million in fiscal 2006. The firm’s gross margin also rose to 59% during fiscal 2007, from 58% in 2006. Starting in the first quarter, the company changed its fiscal quarters to end on the last day of the calendar month.

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