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Spectranetics Corp (The)

 
Hoover's Profile: The Spectranetics Corporation
(NASDAQ (GM):SPNC)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
The Spectranetics Corporation
9965 Federal Dr.
Colorado Springs, CO 80921-3617
CO Tel. 719-447-2000
Toll Free 800-633-0960
Fax 719-447-2022

Type: Public
On the web: http://www.spectranetics.com
Employees: 427
Employee growth: 14.2%

The Spectranetics Corporation takes its mission to heart: The company develops, markets, and distributes an excimer laser system that is used to treat various coronary and vascular conditions. Its CVX-300 laser unit and fiber-optic delivery devices (disposable catheters and sheaths) remove partial or total arterial blockages caused by plaque buildup; the laser system can also be used to remove lead wires from pacemakers and implantable defibrillators. The company's direct sales force focuses on the major cardiac catheterization labs and hospitals in the US and Canada. Subsidiary Spectranetics International sells the company's products abroad, primarily in Europe and the Middle East.

Key numbers for fiscal year ending December, 2008:
Sales: $104.0M
One year growth: 25.5%
Net income: ($4.0)M

Officers:
Chairman, President, and CEO: Emile J. Geisenheimer
COO: Jonathan W. McGuire
VP and CFO: Guy A. Childs

Competitors:
Boston Scientific
ev3
MEDRAD

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