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Last $0.43 USD
Change Today -0.005 / -1.16%
Volume 124.0K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cardica inc (CRDC) Key Developments

Cardica, Inc. to Reduce its Headcount by 15 People from 63 to 48 Across All Departments Except Research and Development; Announces Retirement of Frederick Bauer as Vice President of Manufacturing and Operations

On March 25, 2015, management of Cardica Inc. committed Cardica to a corporate restructuring and layoff in which Cardica will be reducing its headcount by 15 people from 63 to 48 across all departments except research and development. Most actions were taken March 25, 2015, and management anticipates that all layoffs will occur by March 31, 2015. Cardica expects that the charges to be incurred in connection with the corporate restructuring and layoff will be approximately $200,000, all of which will be cash expenditures and all of which will be severance and termination costs. On March 24, 2015, Frederick Bauer, Cardica Inc.'s Vice President of Manufacturing and Operations, informed Cardica that he would be retiring as an officer and employee of Cardica. Cardica expects that Mr. Bauer's last day of service to Cardica will be May 15, 2015.

Cardica Inc. - Special Call

To provide an update on the company's business

Cardica Inc. Announces Unaudited Earnings Results for Second Quarter and Six Months Ended December 31, 2014

Cardica Inc. announced unaudited earnings results for second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenue of $657,000, loss from operations of $5,340,000, net loss of $5,442,000 or $0.06 per basic and diluted share compared to the total revenue of $851,000, loss from operations of $4,078,000, net loss of $4,172,000 or $0.08 per basic and diluted share for the same quarter a year ago. For the six months period, the company reported total revenue of $1,725,000, loss from operations of $10,299,000, net loss of $10,507,000 or $0.12 per basic and diluted share compared to the total revenue of $1,656,000, loss from operations of $7,699,000, net loss of $7,911,000 or $0.15 per basic and diluted share for the same period a year ago.

Cardica Inc. to Report Q2, 2015 Results on Feb 05, 2015

Cardica Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Feb 05, 2015

Cardica Inc., Q2 2015 Earnings Call, Feb 05, 2015

Cardica Inc., Q2 2015 Earnings Call, Feb 05, 2015

 

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CRDC

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Valuation CRDC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.3x
Price/Book 2.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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