ArthroCare Reports 40 Percent Year-over-Year Revenue Growth for the First Quarter; Earnings Per Share Increases More Than 70 Percent Year-over-Year.

Business Wire › May 10, 2005

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ArthroCare Reports 40 Percent Year-over-Year Revenue Growth for the First Quarter; Earnings Per Share Increases More Than 70 Percent Year-over-Year.

SUNNYVALE, Calif. -- ArthroCare(R) Corp. (Nasdaq:ARTC), a multi-business medical device company that develops minimally invasive surgical products, announced today financial results for the first quarter ended March 31, 2005. First quarter product revenues were $47.8 million, a 39 percent increase over the $34.3 million recorded in the same quarter of the previous year. Total revenues, which include product revenues, license fees and royalties, for the first quarter were $49.7 million, a 40 percent increase over the $35.6 million reported in the first quarter of 2004. This revenue growth was positively impacted by ArthroCare's 2004 acquisitions of Opus Medical, and Medical Device Alliance, Inc. and its wholly owned subsidiary Parallax Me...

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