| Market Capitalization (Millions $) |
403 |
| Shares
Outstanding (Millions) |
14 |
| Employees |
389 |
| Revenues (TTM) (Millions $) |
123 |
| Net Income (TTM) (Millions $) |
-12 |
| Cash Flow (TTM) (Millions $) |
-23 |
| Capital Exp. (TTM) (Millions $) |
3 |
Surmodics Inc
Surmodics Inc is a medical technology company that designs, manufactures, and markets a range of products focused on enhancing the performance of medical devices. Founded in 1979 and headquartered in Eden Prairie, Minnesota, the company has its presence in more than 80 countries worldwide. Surmodics works closely with its customers and partners to develop innovative solutions to address the critical needs in the medical community.
The company's product portfolio includes surface modification coatings, drug delivery coatings, hydrophilic coatings, antimicrobial coatings, and other related technologies. These coatings are designed to improve the performance of medical devices, such as catheters, stents, drug-eluting balloons, and diagnostic systems. Surmodics' products are used in a wide range of medical specialties, including cardiology, ophthalmology, and neurology.
Surmodics operates through two business segments: Medical Device and In Vitro Diagnostics (IVD). The Medical Device segment involves developing, manufacturing, and selling medical device technologies, while the IVD segment involves developing, manufacturing, and selling diagnostic tests and equipment. While the Medical Device segment constitutes the majority of the company's revenue, the IVD segment offers healthy growth opportunities for the future.
Surmodics is known for its research and development capabilities, and the company invests heavily in R&D to develop new products and technologies. The company has a dedicated team of scientists and engineers who work on new ideas and projects that can be commercialized into innovative, market-leading products. The company also collaborates with leading medical device companies and academic institutions to advance its research and development capabilities.
One of Surmodics' key strengths lies in its ability to provide customized solutions to customers. The company offers co-development services, where it collaborates with customers to design and develop products that meet their specific needs. Additionally, Surmodics' experienced sales and marketing team works closely with customers to identify new market opportunities and develop customized marketing strategies.
The company's financials are strong, with steady revenue growth and profitability. The company generates the majority of its revenue from the United States, but it has a growing international presence. Surmodics' conservative balance sheet and low debt make it well-positioned to invest in new products and opportunities.
In conclusion, Surmodics Inc is a medical technology company that specializes in developing, manufacturing, and selling products that enhance the performance of medical devices. With a strong focus on R&D, market-leading products, and customer collaboration, Surmodics is well positioned to continue its growth and success in the medical technology industry.
Company Address: 9924 West 74th Street Eden Prairie 55344 MN
Company Phone Number: 500-7000 Stock Exchange / Ticker: NASDAQ SRDX
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3.22% 
55.3 %