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SPECTRANETICS CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2017 10-Q, filed Aug 8, 2017. Its latest SEC filing is a SC 13G from Feb 13, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells catheters and scoring balloons for treating arterial blockages to hospitals and physicians; also sells, rents and services laser systems and supplies tools to remove pacemaker and defibrillator leads.

Who Were Their Customers?

Hospitals and physicians are the main purchasers. Spectranetics sells directly to end users and through international distributors.

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q2 FY2017, the three months to Jun 30, 2017
Revenue
▲ +10%
vs $67.7M in Q2 FY2016
Net income
▲ +65% (Loss)
vs −$14.9M in Q2 FY2016
  • Aug 9, 2017 Merger made Spectranetics a wholly owned subsidiary The company requested that Nasdaq delist its shares.
  • Jun 30, 2017 Spectranetics agreed to an all-cash acquisition by Philips The agreement set out a tender offer followed by a merger.

New vascular products The older report described pursuing products through licensing and acquisition; the latest lists AngioSculpt scoring balloons and Stellarex drug-coated balloons in its vascular portfolio.

More lead-extraction tools The older report set out expanding lead-management tools to include mechanical extraction tools; the latest lists mechanical sheaths and the Bridge Occlusion Balloon among its products.

Who Did They Compete With?

Competes with Medtronic, Boston Scientific, C.R. Bard, Cook Medical, QT Vascular, Biotronik, and Cardiovascular Systems

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