Benzinga | Aug 4, 2021 08:29AM EDT

Surmodics Raises FY21 Adj. EPS Guidance From $0.10-$0.35 To $0.16-$0.31 vs $0.25 Est.

As a result of our operating performance in the first nine months of fiscal 2021, we are raising our full-year revenue guidance for fiscal 2021. We are increasing our fiscal 2021 revenue expectations to a range of $103.5 million to $105.5 million, from our previous revenue range of $101 million to $105 million. Diluted GAAP EPS for fiscal 2021 is now expected to range from a loss per share of $(0.10) to earnings per share of $0.05, compared with our previous expectations of a loss per share of $(0.05) to earnings per share of $0.20. Diluted non-GAAP EPS for fiscal 2021 is now expected to range from $0.16 to $0.31 per share, compared with previous expectations of $0.10 to $0.35 per share.