SurModics Inc (SRDX)

[RNsidersbuying]

SRDX showing up on my 'short' radar. Yearend 2017 numbers are "$73M REVENUE / .29 EPS" which puts this one at a current 100+ P/E followed by a future weak guidance of:

Fiscal 2018 Outlook
Surmodics expects fiscal year 2018 revenue to range from $72.0 million to $75.0 million. The Company expects diluted loss in the range of $0.50 to $0.75 per share, which reflects the Company’s commitment to accelerate execution of its whole-product solutions strategy with increased research and development investments. Non-GAAP diluted loss is expected to be in the range of $0.16 to $0.41 per share.

With tangible BV of only around $5 per share, is there something spectacular in their bio-research & development I am missing here or are the ETF-stampeders getting waaaaayyyyyyyyyy ahead of themselves here - as with so many others?