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AngioDynamics (ANGO)
NASDAQ:ANGO

AngioDynamics (ANGO) AI Stock Analysis

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AngioDynamics

(NASDAQ:ANGO)

Rating:56Neutral
Price Target:
$11.50
▲(14.77%Upside)
AngioDynamics' overall stock score reflects financial struggles, despite positive momentum and strategic initiatives. The company's improved guidance and strong segment growth are offset by ongoing profitability and cash flow issues.
Positive Factors
Market Expansion Opportunities
ANGO's stock is undervalued for the access to multiple high-growth markets it already has, along with the potential further upside from its ability to enter both DVT and coronary markets in the future.
Product Differentiation
The company's AlphaVac is differentiated from its competition in a variety of ways, including saving procedure time and having features like a funnel shaped tip which can remove more clot burden.
Regulatory Approval
The FDA clearance should enable the company to expand the commercial footprint of NanoKnife, which could help drive the company’s Med Tech sales growth.
Negative Factors
Market Maturity
ANGO should see continued growth in Auryon, but likely more moderated comparatively over the long term given atherectomy is a mature market.
Potential Market Dilution
With the company inching closer to sustained profitability, any potential dilution overhang on the stock is likely abating.

AngioDynamics (ANGO) vs. SPDR S&P 500 ETF (SPY)

AngioDynamics Business Overview & Revenue Model

Company DescriptionAngioDynamics, Inc. is a leading provider of innovative medical devices used for the minimally invasive treatment of cancer and peripheral vascular disease. The company operates primarily in the healthcare sector, specializing in the development, manufacture, and sale of medical, surgical, and diagnostic devices that advance the care of patients by enhancing the quality of healthcare. Its core products include radiofrequency ablation systems, laser systems, vascular access products, and fluid management systems, catering to a diverse range of healthcare providers across the globe.
How the Company Makes MoneyAngioDynamics makes money through the sale of its medical devices and technology solutions to hospitals, clinics, and healthcare providers. The company's revenue model is centered around manufacturing and distributing its proprietary products, which are used in the treatment of cancer and vascular diseases. Key revenue streams include sales of products like the NanoKnife System for ablative procedures, the AngioVac System for thrombus management, and its line of vascular access products. Additionally, the company forms significant partnerships with healthcare institutions and professionals to expand its market reach and enhance product adoption. AngioDynamics also invests in research and development to innovate and improve its product offerings, which helps maintain its competitive edge in the medical device industry.

AngioDynamics Earnings Call Summary

Earnings Call Date:Apr 02, 2025
(Q3-2025)
|
% Change Since: 3.73%|
Next Earnings Date:Jul 09, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and profitability improvements, particularly in the MedTech and Mechanical Thrombectomy segments. The company increased its guidance for fiscal 2025, indicating confidence in future performance. However, there are ongoing challenges with NanoKnife reimbursement and minimal growth in the Med Device segment. Overall, the positive aspects significantly outweigh the lowlights.
Q3-2025 Updates
Positive Updates
Strong Revenue Growth
Total worldwide revenue was $72 million, representing growth of over 9% year-over-year. MedTech segment grew 22%, and Auryon platform revenue increased by 17%.
Mechanical Thrombectomy Segment Success
Mechanical Thrombectomy products, AlphaVac and AngioVac, in combination grew approximately 47% over the second quarter of last year. AlphaVac revenue increased by over 160%.
Improving Profitability
Reported positive adjusted EBITDA of $1.3 million compared to a loss of $3.6 million in the prior year. Adjusted EPS loss improved from $0.16 to $0.08 per share.
Guidance Increase
Guidance increased for total revenue, MedTech growth, gross margin, adjusted EBITDA, and adjusted EPS for the fiscal year 2025.
Negative Updates
NanoKnife Reimbursement Challenges
Despite NanoKnife's growth, a significant material inflection in adoption and utilization is not expected until the CPT 1 code goes into effect on January 1 of next year.
Minimal Growth in Med Device Segment
Med Device segment revenue was $40.7 million, showing a modest increase of approximately 1% over the previous year.
Company Guidance
During the AngioDynamics Fiscal Year 2025 Third Quarter Earnings Call, the company increased its guidance for the year following strong performance. Total worldwide revenue was reported at $72 million, marking a 9% year-over-year increase. The MedTech segment grew by 22%, driven by platforms like Auryon, which saw a 17% increase, and the Mechanical Thrombectomy business, which grew by approximately 47%. The company's gross margin improved to 54%, up by 290 basis points compared to the previous year. Adjusted EBITDA turned positive at $1.3 million, contrasting with a $3.6 million loss in the same quarter of the previous fiscal year, and adjusted EPS was a loss of $0.08 per share, an improvement from the $0.16 loss per share recorded last year. AngioDynamics' updated guidance projects fiscal 2025 total revenue between $285 million and $288 million, with MedTech growth expected to be 14% to 16% and a gross margin range of 53% to 54%.

AngioDynamics Financial Statement Overview

Summary
AngioDynamics faces significant financial challenges, with declining revenues, persistent losses, and cash flow difficulties, despite maintaining a low leverage position.
Income Statement
35
Negative
AngioDynamics shows a declining revenue trend over recent years, with the latest TTM revenue at $283.32M, down from $303.91M in 2024. The gross profit margin remains stable at around 53%, but the company struggles with profitability, reflected in significant negative EBIT and net income margins. The net loss has increased to $41.39M in TTM, showing a concerning trajectory.
Balance Sheet
60
Neutral
The balance sheet displays moderate stability with a low debt-to-equity ratio of 0.03 in TTM, indicating minimal leverage. However, the equity ratio has decreased from 64% in 2023 to 65% in TTM, reflecting reduced shareholder equity. Despite a decline in total assets, the company maintains a healthy cash position.
Cash Flow
40
Negative
Cash flow analysis reveals challenges, as AngioDynamics reports negative operating and free cash flows. Although the free cash flow deficit has slightly reduced, the negative operating cash flow suggests cash management issues. The company's ability to convert net income to cash flow remains weak.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
283.32M303.91M338.75M316.22M291.01M264.16M
Gross Profit
151.43M154.70M174.25M165.73M156.79M150.27M
EBIT
-25.46M-192.44M-19.23M-19.01M-14.87M-14.17M
EBITDA
-7.79M-14.29M12.19M11.13M-8.90M-143.74M
Net Income Common Stockholders
-41.39M-184.35M-52.44M-26.55M-31.55M-165.79M
Balance SheetCash, Cash Equivalents and Short-Term Investments
44.76M76.06M44.62M28.82M48.16M54.44M
Total Assets
285.42M317.67M532.64M552.75M561.44M595.51M
Total Debt
5.00M5.91M49.82M33.78M20.00M40.84M
Net Debt
-39.76M-71.33M5.20M4.96M-28.16M-13.60M
Total Liabilities
99.55M112.08M154.34M128.26M121.98M139.64M
Stockholders Equity
185.87M205.59M378.30M424.49M439.46M455.87M
Cash FlowFree Cash Flow
-33.21M-33.93M-4.27M-11.49M10.38M-22.14M
Operating Cash Flow
-23.94M-28.16M78.00K-7.19M24.09M-14.55M
Investing Cash Flow
-9.89M123.72M-9.75M-19.31M-13.71M-63.34M
Financing Cash Flow
515.00K-64.25M25.42M7.68M-16.99M-95.24M

AngioDynamics Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price10.02
Price Trends
50DMA
9.79
Positive
100DMA
9.93
Positive
200DMA
8.99
Positive
Market Momentum
MACD
0.20
Positive
RSI
46.10
Neutral
STOCH
20.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGO, the sentiment is Neutral. The current price of 10.02 is below the 20-day moving average (MA) of 10.43, above the 50-day MA of 9.79, and above the 200-day MA of 8.99, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 46.10 is Neutral, neither overbought nor oversold. The STOCH value of 20.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ANGO.

AngioDynamics Risk Analysis

AngioDynamics disclosed 34 risk factors in its most recent earnings report. AngioDynamics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

AngioDynamics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (53)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$5.49B45.119.16%8.24%18.54%
70
Outperform
$1.85B41.3113.77%0.98%13.19%31.73%
68
Neutral
$3.16B-4.62%7.19%-56.19%
TFTFX
58
Neutral
$5.20B37.103.48%1.16%0.29%-48.98%
56
Neutral
$415.41M-20.46%-12.56%78.70%
54
Neutral
$834.52M55.81-19.14%-14.44%-557.38%
53
Neutral
$5.24B3.32-44.36%6.63%16.78%-0.12%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ANGO
AngioDynamics
10.02
4.14
70.41%
ICUI
ICU Medical
127.74
11.64
10.03%
LMAT
Lemaitre Vascular
81.78
0.96
1.19%
MMSI
Merit Medical Systems
91.98
9.77
11.88%
STAA
Staar Surgical
16.34
-24.41
-59.90%
TFX
Teleflex
118.31
-83.39
-41.34%

AngioDynamics Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
AngioDynamics Secures $25M Credit Facility with JPMorgan
Positive
May 28, 2025

On May 28, 2025, AngioDynamics, Inc. entered into a new Credit Agreement with JPMorgan Chase Bank, N.A., securing a $25 million revolving credit facility. This agreement is intended to provide financial flexibility for the company during its manufacturing transfer process, supporting its strategic growth without impacting its operations. The facility includes a maturity date of May 28, 2027, and is secured by the company’s assets, with specific financial covenants and guarantees from its subsidiary, RITA Medical Systems, LLC.

The most recent analyst rating on (ANGO) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on AngioDynamics stock, see the ANGO Stock Forecast page.

Product-Related AnnouncementsBusiness Operations and Strategy
AngioDynamics to Host Virtual Cardiovascular Investor Event
Positive
Apr 2, 2025

On April 2, 2025, AngioDynamics will host a virtual Cardiovascular Investor Event, highlighting its innovative technologies and improved patient outcomes in cardiovascular care. The event underscores AngioDynamics’ strategic focus on growth within the high-growth cardiovascular disease market, leveraging its comprehensive portfolio and differentiated technologies to strengthen its competitive position.

Product-Related AnnouncementsPrivate Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
AngioDynamics Reports Strong Q3 2025 Financial Results
Positive
Apr 2, 2025

AngioDynamics reported its fiscal third quarter 2025 results, highlighting a 9.2% increase in net sales to $72.0 million, driven by a 22.2% growth in MedTech sales. The company achieved a GAAP gross margin of 54.0% and improved its adjusted EBITDA to $1.3 million, reflecting strategic focus on MedTech markets. Key developments include FDA clearance for the NanoKnife System for prostate tissue ablation and the initiation of the AMBITION BTK trial for the Auryon Atherectomy System. AngioDynamics also secured a $25 million revolving line of credit from J.P. Morgan, enhancing financial flexibility.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.