Surmodics raises FY23 EPS view to (29c)-(14c) from ($1.98)-($1.68)

Consensus ($1.30). Raises FY23 revenue view to $130M-$132M from $103M-$106M, consensus $116.95M. The company said, “Surmodics now expects fiscal year 2023 total revenue to range from $130 million to $132 million, representing an increase of 30% to 32% compared to the prior year. The company’s prior guidance called for fiscal year 2023 total revenue of $103 million to $106 million, representing an increase of 3% to 6% compared to the prior year. The company now expects fiscal 2023 GAAP diluted loss per share to range from $(0.55) to $(0.40). The company’s prior guidance called for fiscal 2023 GAAP diluted loss per share of $(2.30) to $(2.00). Non-GAAP diluted loss per share in fiscal 2023 is expected to range from $(0.29) to $(0.14). The company’s prior guidance called for fiscal 2023 Non-GAAP diluted loss per share of $(1.98) to $(1.68).”