CryoLife reports Q4 profits of 2.9m dollars

Medical Company Financials

CryoLife has reported profits of 2.9 million dollars in the fourth quarter of 2016.

In a trading statement, the company also revealed it generated a profit of nine cents on a per-share basis, while earnings came to 12 cents per share.

“CryoLife saw a strong performance in the final quarter of 2016.“

This was significantly higher than the amounts expected by various financial analysts.

Figures also revealed that fourth-quarter revenues came to 45 million dollars, helping full-year revenues reach 180.4 million.

The company earned profits of 10.8 million dollars across the whole of 2016, which works out to 32 cents per share.

The positive trading figures had a positive impact on CryoLife's stock market performance this week, as the values of shares is now twice as high as it was this time last year.

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