EDEN PRAIRIE, Minn. (AP) _ SurModics Inc. (SRDX) on Wednesday reported fiscal fourth-quarter profit of $400,000.
The Eden Prairie, Minnesota-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 18 cents per share.
The drug delivery technology company posted revenue of $20.1 million in the period.
For the year, the company reported profit of $3.9 million, or 29 cents per share. Revenue was reported as $73.1 million.
SurModics expects full-year earnings in the range of 16 cents to 41 cents per share, with revenue in the range of $72 million to $75 million.
SurModics shares have climbed 17 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.