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Animas Corp (1033660) SEC Filing 10-Q Quarterly report for the period ending Friday, September 30, 2005

Animas Corp

CIK: 1033660
 

Exhibit 99.1
Contact for Investors and Media:
Animas Corporation
Richard Baron
Vice President, Finance and CFO
610-644-8990 X 1168
Richard.Baron@animascorp.com
Animas Corporation Reports Financial Results for the Third Quarter 2005
Growth in Net Revenue and Gross Margin Reflect Strong Underlying Business
WEST CHESTER, PA, October 31, 2005 (BUSINESS WIRE) — Animas Corporation (NASDAQ:PUMP) today announced financial results for the quarter ended September 30, 2005.
Third Quarter Highlights:
    Net revenues of $21.7 million, representing an increase of 26% from adjusted net revenues for Q3 ’04 and in line with earlier guidance. (Please see attached table for reconciliation of adjusted to GAAP numbers).
 
    Net revenues of $62.5 million for the nine months ended September 30, 2005, representing an increase of 45% from adjusted net revenues for the prior year period.
 
    Gross margin of 63%, compared to an adjusted gross margin of 57% in Q3 ‘04.
 
    Launch of the ezSet in September.
 
    Net income of $418,000.
 
    Net income per share of $.02 per share.
“We were pleased to see net revenues grow 26% year-over-year, despite the effects of Katrina in the South, rising gas prices creating financial hardship for many people, and some confusion in the marketplace over various new products, resulting in delays in purchasing decisions,” said Kathy Crothall, President and CEO of Animas Corporation. “We are cautiously optimistic for a strong fourth quarter as reflected in our guidance, and are confident that we will continue to maintain our strong momentum throughout 2006 and beyond because of our superior service, our superior products, and product pipeline.”

 


The following information was filed by Animas Corp on Friday, November 4, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Animas Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2005 10-K Annual Report includes:

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SEC Filing Tools
CIK: 1033660
Form Type: 10-Q Quarterly Report
Accession Number: 0000893220-05-002711
Submitted to the SEC: Mon Nov 21 2005 4:22:33 PM EST
Accepted by the SEC: Mon Nov 21 2005
Period: Friday, September 30, 2005
Industry: Orthopedic Prosthetic And Surgical Appliances And Supplies

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