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Re: cjgaddy post# 719

Friday, 05/02/2014 4:23:04 PM

Friday, May 02, 2014 4:23:04 PM

Post# of 760
Link to 5-1-14 Conf. Call (Nasdaq & Seeking Alpha)

http://www.nasdaq.com/aspx/call-transcript.aspx?StoryId=2184043&Title=heartware-international-s-ceo-discusses-q1-2014-results-earnings-call-transcript
ALSO:
http://seekingalpha.com/article/2184043-heartware-internationals-ceo-discusses-q1-2014-results-earnings-call-transcript

Doug Godshall: "We are pleased to provide a review of our first quarter results for 2014, our strongest quarter reported to date. Our team generated sales of 665 HeartWare systems, more than 100 units higher than our previous record high of 549 units. And for the first time we surpassed 300 units in a quarter in both international and U.S markets, with 330 in the U.S and 352 internationally. Overall, our $66.5 million in first quarter revenue represented a 35% increase over the first quarter of 2013 and a 25% increase sequentially from revenue of $53 million in the fourth quarter of 2013. We expanded our global footprint to nearly 250 customers around the world with five new U.S customers and 12 new international customers. Interest in HeartWare’s portfolio continues to strengthen as demonstrated by growing momentum in our supplemental destination therapy study and the considerable interest in MVAD as we rapidly approach first human use... As we progress and now with well over 5,000 implants, a few of whom have been on the system for more than six years now, we will continue to learn more about how to make our system better and how to manage it better."