Surmodics Stock Down Despite Q1 Earnings Beat, Gross Margin Up
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Surmodics (SRDX) reported a Q1 earnings beat and improved gross margins, but its stock declined due to weak segmental revenues despite strong performance in its Pounce thrombectomy device platforms.
January 31, 2025 | 5:30 pm
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Surmodics reported a Q1 earnings beat and improved gross margins, but its stock declined due to weak segmental revenues despite strong performance in its Pounce thrombectomy device platforms.
Despite beating earnings expectations and improving gross margins, the weak segmental revenues overshadowed the positive aspects, leading to a decline in stock price. Investors are likely concerned about the sustainability of revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100