23.10.2014 17:45:00
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STENTYS Revenues for the First 9 Months of 2014 Up 16.9%
Regulatory News:
STENTYS (Paris:STNT) (FR0010949404 — STNT), a medical technology company commercializing, in Europe, the world's first and only Self-Apposing® stent to treat acute myocardial infarction (AMI), today announces revenues for the third-quarter and nine-months ended September 30, 2014.
- Change in third-quarter and nine-month revenues*
9 months | Quarterly – 3 months | |||||||||||||||
€ thousand | 9 months 2014 | 9 months 2013 | % change | Q3 2014 | Q3 2013 | % change | ||||||||||
Revenues | 2,812.4 | 2,406.6 | +16.9% | 876.5 | 768.0 | +14.1% |
* Data reviewed by the statutory auditors
STENTYS recorded revenues of €876.5 thousand over the third quarter of 2014, up 14.1% compared with the third quarter of 2013. This growth was driven by sales of its current range of self-apposing stents both directly via the Company and through its network of distribution partners in various regions around the world.
For the first nine months of the year, revenues totaled €2.8 million, up 16.9% compared with the same period of 2013.
- A sound cash position
At September 30, 2014, STENTYS had cash and equivalents totaling €20 million compared with €23.1 million at June 30, 2014.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS, explains: "The quarterly sales growth is progressing smoothly with our current product portfolio, as illustrated by the latest success with the regional tender in the Middle East for 2015. We intend to pursue our sales coverage strategy in high-potential geographies by creating strong partnerships with the best local distributors.”
- Upcoming financial publication
STENTYS expects to publish its 2014 full-year revenues January 22, 2015.
About STENTYS
STENTYS is developing and commercializing
innovative solutions for the treatment of patients with acute myocardial
infarction (AMI, or heart attack) and complex coronary artery disease.
STENTYS’s Self-Apposing® Stents are designed to adapt to vessels with
ambiguous or fluctuating diameters, particularly in the post-infarction
phase, in order to prevent the malapposition problems associated with
conventional stents. In the APPOSITION III clinical trial, STENTYS
stents demonstrated a very low one year mortality rate among 1,000
high-risk AMI patients when compared to recent studies with conventional
stents. More information is available at www.stentys.com.
Forward Looking Statements
This press release contains
forward-looking statements about the Company’s business. Such forward
looking statements are based on numerous assumptions regarding the
Company’s present and future business strategies and the environment in
which it will operate in the future which may not be accurate. Such
forward-looking statements involve known and unknown risks which may
cause the Company’s actual results, performance or achievements to
differ materially from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, among others, risks associated with the development and
commercialization of the Company’s products, market acceptance of the
Company’s products, its ability to manage growth, the competitive
environment in relation to its business area and markets, its ability to
enforce and protect its patents and proprietary rights, uncertainties
related to the U.S. FDA approval process, slower than expected rates of
patient recruitment for clinical trials, the outcome of clinical trials,
and other factors, including those described in the Section 4 "Risk
Factors” of the Company’s 2011 Registration Document (document de
référence) filed with the French Autorité des Marchés Financiers on
August 27, 2013 under number R.13-040 as such section may be updated
from time to time.
STENTYS is listed on Comp. B of Euronext Paris
ISIN: FR0010949404 –
Ticker: STNT
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