Johnson & Johnson

NYSE:JNJUnited States

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• Shockwave Medical Reports First Quarter 2024 Financial Results, from 2 hours ago by GlobeNewswire

  2 hours ago by GlobeNewswire
  Companies Mentioned: JNJ, SWAV

• Shockwave Medical Reports First Quarter 2024 Financial Results, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: JNJ, SWAV
  Other assets 9,001 9,436 --------- ------------ --------- TOTAL ASSETS $1,643,747 $ 1,566,563 ========= ============ ========= LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 9,843 $ 8,868 Accrued liabilities 78,838 91,696 Lease liability, current portion 3,653 3,641 --------- ------------ --------- Total current liabilities 92,334 104,205 Lease liability, noncurrent portion 40,336 35,103 Convertible debt, noncurrent portion 732,810 731,863 Related party contract liability, noncurrent portion 12,273 12,273 Deferred tax liabilities 3,609 3,609 Long-term income tax liability 2,969 1,526 Other liabilities 7,659 9,307 ------------ --------- TOTAL LIABILITIES 891,990 897,886 --------- ------------ --------- STOCKHOLDERS' EQUITY: Common stock 38 37 Additional paid-in capital 586,017 557,882 Accumulated other comprehensive (loss) income (109) 293 Retained earnings 165,811 110,465 ------------ --------- TOTAL STOCKHOLDERS' EQUITY 751,757 668,677 --------- ------------ --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,643,747 $ 1,566,563 ========= ============ ========= SHOCKWAVE MEDICAL, INC. Statement of Operations Data (Unaudited) (in thousands, except share and per share data) Three Months Ended March 31, ---------------------------- 2024 2023 Revenue: Product revenue $ 218,805 $ 161,066 Cost of revenue: Cost of product revenue 28,207 21,066 Gross profit 190,598 140,000 ---------- ---------- Operating expenses: Research and development 44,466 26,971 Sales and marketing 74,492 54,011 General and administrative 29,233 19,204 ---------- ---------- Total operating expenses 148,191 100,186 ---------- ---------- Income from operations 42,407 39,814 Income (loss) from equity method investment 713 (823) Interest income 12,318 1,740 Interest expense (2,943) (636) Other (expense) income, net (2,496) 642 ---------- ---------- Net income before taxes 49,999 40,737 Income tax (benefit) provision (5,347) 1,612 Net income $ 55,346 $ 39,125 Net income per share, basic $ 1.48 $ 1.07 Net income per share, diluted $ 1.44 $ 1.03 Shares used in computing net income per share, basic 37,284,946 36,427,263 Shares used in computing net income per share, diluted 38,472,013 37,979,448 SHOCKWAVE MEDICAL, INC. Reconciliation of GAAP Net Income to Adjusted EBITDA (Unaudited) (in thousands) Three Months Ended March 31, ------------------------- 2024 2023 GAAP Net Income $ 55,346 $39,125 Non-GAAP Adjustments Income tax (benefit) provision (5,347) 1,612 Other expense (income), net 2,496 (642) Interest expense 2,943 636 Interest income (12,318) (1,740) (Income) loss from equity method investment (713) 823 Depreciation and amortization 3,109 1,708 Stock-based compensation expense 22,937 15,967 Adjusted EBITDA $ 68,453 $57,489
  

• BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: DecisionPoint Systems, Inc. (NYSE American - DPSI), AdTheorent Holding Company, Inc. (Nasdaq - ADTH), Macatawa Bank Corporation (Nasdaq - MCBC), Shockwave Medical, Inc. (Nasdaq - SWAV), from 6 hours ago by GlobeNewswire

  6 hours ago by GlobeNewswire
  Companies Mentioned: JNJ, MCBC, WTFC, SWAV, ADTH

• BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: DecisionPoint Systems, Inc. (NYSE American - DPSI), AdTheorent Holding Company, Inc. (Nasdaq -- ADTH), Macatawa Bank Corporation (Nasdaq - MCBC), Shockwave Medical, Inc. (Nasdaq -- SWAV), from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: JNJ, DPSI, MCBC, WTFC, SWAV, ADTH
  
  BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: DecisionPoint Systems, Inc. (NYSE American - DPSI), AdTheorent Holding Company, Inc. (Nasdaq -- ADTH), Macatawa Bank Corporation (Nasdaq - MCBC), Shockwave Medical, Inc. (Nasdaq -- SWAV)
  

• DJ Johnson & Johnson Price Target Maintained With a $215.00/Share by Cantor Fitzgerald, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: JNJ
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/JNJ/analyst-ratings
  
  (END) Dow Jones Newswires
  
  May 06, 2024 10:09 ET (14:09 GMT)