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August 29, 2015 8:51 AM ET

Healthcare Equipment and Supplies

Company Overview of Avinger, Inc.

Company Overview

Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. The company develops lumivascular platform, which integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures. Its lumivascular products include the Lightbox imaging console and Ocelot family of catheters, which are designed to penetrate total arterial blockages, known as chronic total occlusions (CTOs). The company is also developing Pantheris...

400 Chesapeake Drive

Redwood City, CA 94063

United States

Founded in 2007

116 Employees

Phone:

650-241-7900

Fax:

800-229-2696

Key Executives for Avinger, Inc.

Chief Executive Officer, President and Director
Age: 53
Total Annual Compensation: $4.3K
Founder, Executive Chairman and Member of Audit Committee
Age: 71
Total Annual Compensation: $362.9K
Chief Financial Officer and Chief Business Officer
Age: 47
Total Annual Compensation: $300.9K
Senior Vice President of Operations and Quality
Age: 48
Total Annual Compensation: $301.3K
Compensation as of Fiscal Year 2014.

Avinger, Inc. Key Developments

Avinger, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for 2015

Avinger, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was $3.047 million against $3.389 million a year ago. Loss from operations was $9.083 million against $5.528 million a year ago. Loss before provision for income taxes was $10.214 million against $7.065 million a year ago. Net loss and comprehensive loss attributable to common stockholders was $10.220 million or $0.83 per basic and diluted share against $7.078 million or $29.28 per basic and diluted share a year ago. Adjusted LBITDA was $7.513 million against $5.018 million a year ago. For the six months, revenue was $5.135 million against $5.508 million a year ago. Loss from operations was $18.509 million against $11.906 million a year ago. Loss before provision for income taxes was $20.630 million against $15.014 million a year ago. Net loss and comprehensive loss attributable to common stockholders was $23.021 million or $2.23 per basic and diluted share against $15.049 million or $62.19 per basic and diluted share a year ago. Adjusted LBITDA was $15.390 million against $10.802 million a year ago. The company confirmed its guidance of total revenue for 2015 to be in the range of $12 million to $14 million, representing year-over-year growth ranging from 7% to 25%. Adjusted EBITDA for 2015 is projected to be a loss of $31 million to $33 million, representing an increase of 35% to 44% over 2014, as the company invests in the development of its lumivascular platform and expansion of its commercial infrastructure.

Avinger, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Avinger, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Avinger, Inc. to Report Q2, 2015 Results on Jul 28, 2015

Avinger, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

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