Revenue: Rental $ 180,803 $ 199,851 (9.5 )% $ 750,252 $ 822,201 (8.8 )% Sales 288,984 240,081 20.4 1,008,659 924,252 9.1 Total revenue 469,787 439,932 6.8 1,758,911 1,746,453 0.7 Rental expenses 85,116 95,059 (10.5 ) 358,595 443,446 (19.1 ) Cost of sales 79,862 58,884 35.6 261,569 249,338 4.9 Gross profit 304,809 285,989 6.6 1,138,747 1,053,669 8.1 Selling, general and administrative expenses 177,697 157,000 13.2 696,175 602,781 15.5 Research and development expenses 19,484 18,173 7.2 75,624 71,859 5.2 Acquired intangible asset amortization 49,448 48,724 1.5 188,571 220,984 (14.7 ) Impairment of goodwill and intangible assets — — — 443,400 — — Operating earnings (loss) 58,180 62,092 (6.3 ) (265,023 ) 158,045 — Interest income and other 323 199 62.3 1,602 829 93.2 Interest expense (104,733 ) (113,515 ) (7.7 ) (419,877 ) (466,622 ) (10.0 ) Loss on extinguishment of debt — (31,481 ) — (2,364 ) (31,481 ) (92.5 ) Foreign currency loss (10,291 ) (13,429 ) (23.4 ) (22,226 ) (13,001 ) 71.0 Derivative instruments gain (loss) (1,624 ) (2,960 ) (45.1 ) 1,576 (31,433 ) — Loss from continuing operations before income tax benefit (58,145 ) (99,094 ) (41.3 ) (706,312 ) (383,663 ) 84.1 Income tax benefit (6,414 ) (42,923 ) (85.1 ) (150,957 ) (150,048 ) 0.6 Loss from continuing operations (51,731 ) (56,171 ) (7.9 ) (555,355 ) (233,615 ) 137.7 Gain (loss) from discontinued operations, net of tax (1,004 ) 95,878 — (3,303 ) 92,198 — Net earnings (loss) $ (52,735 ) $ 39,707 — % $ (558,658 ) $ (141,417 ) — %
And there's the cost of treating your employees and your customers like shit. In the end it'll be the deplorable retention rate in sales and the loss of intellectual property across the board with every layoff that will take its toll. The saddest thing is that it's entirely self inflicted by some of the biggest morons to line a boardroom ... Total maggots.
wtf does this company sell? suction and foam? uhhhh, a hickey proves suction promotes perfusion. You guys should be happy with what you have achieved over the last few decades. You swindled payors out of billions. Let it go. All you are doing is prolonging the inevitable. You sell a commodity, dipshits.
ding ding ding ding. and with the addition of systagenix this company is now one large turd covered with extra turd juice. you think losses are big now wait until they think systagenix two main products will grow by 200% next year. Keep reminding yourselves why JNJ pinched this loaf off. It was a turd.
“My enthusiasm and confidence in this business has never been higher,” President and CEO Joe Woody said on a conference call with analysts Thursday.
"We continue to take market share, reimbursement has never been better, we do not see any new competition, we have hundreds of studies that show the Wound VAC is more effective than any other system on the market and customers cuntinue to tell us how well we treat them....oh and thank you for the $1million plus in compensation and dont worry about my nose getting longer"
Spot on...what a liar JW is saying hes never been more enthusiastic. Do something to stop the decline. I guess if he makes it three years at that compensation plus a nice buyout when he fails is worth the lies.
We have nowhere to go but down.. We had 100% of the market until Smith&Nephew, Medela, Galaxy, Molnlycke, etc came into the market. We will do nothing but lose share even if we are the best. Someone will look for financial savings and even if we keep the account, it will be worth less. This company and this job sucks and I want out!!
Anyone that believes this dribble is delusional and needs an analyst. I guess if JW says it often enough he will start to believe it. Where are they hiding this guy anyway ?
Now Q1 is below performance..................... Lifecell small growth and Systegenix decent growth......us...Negative. If it was not for the other 2 divisions we would be in bigger trouble.
