- Second quarter fiscal 2012 revenue was $50.0 million and adjusted
earnings per share was $0.08 (GAAP earnings per share was $0.05)
- Achieved TheraSphere revenue growth of 11% in second quarter fiscal 2012
compared to same period last year
- Subsequent to its second quarter, Nordion enrolled the first patient
into its EPOCH Phase III clinical trial program
Nordion reports in U.S. dollars unless otherwise specified. Please also
refer to the Management's Discussion and Analysis and Consolidated
Financial Statements.
OTTAWA, June 5, 2012 /PRNewswire/ - Nordion Inc. (TSX: NDN) (NYSE: NDZ), a
leading provider of products and services to the global health science
market, today reported results for the second quarter of fiscal 2012.
Second-quarter revenue of $50.0 million decreased 27% from $68.3
million reported in the second quarter of fiscal 2011, mainly due to
timing of cobalt-60 shipments to customers as well as the impact of the
planned one-month National Research Universal (NRU) reactor shutdown.
Excluding the specified items shown on the attached quarterly non-GAAP
reconciliations table, adjusted net income for the second quarter of
fiscal 2012 was $4.8 million, compared with $7.4 million in the
previous year. The Company reported GAAP net income of $3.2 million in
second quarter fiscal 2012 compared with a net loss of $7.5 million in
the second quarter of fiscal 2011.
Second-quarter fiscal 2012 adjusted earnings per share, excluding
specified items, was $0.08 compared with $0.11 in the second quarter
fiscal 2011. GAAP earnings per share was $0.05 in the second quarter of
fiscal 2012, versus $0.11 loss per share in the same period last year.
"Nordion's operations and financials remain sound," said Mr. Steve West,
Chief Executive Officer, Nordion Inc. "During the quarter, we
strengthened our long-term cobalt-60 supply relationships and worked
with TheraSphere users, globally, to improve the ease of use and
adoption of this important liver cancer therapy."
Key Q2 2012 Events:
-
On May 9, 2012, Nordion announced the launch of the Gamma Centre of
Excellence
-
On April 25, 2012, Nordion announced the launch of custom doses for
TheraSphere in Europe and Canada
Subsequent Events:
-
In May, 2012, Nordion enrolled the first patient into its TheraSphere
EPOCH Phase III clinical trial program
-
On May 25, 2012, Nordion completed the arbitration hearings with Atomic
Energy of Canada Limited (AECL)
-
On June 5, 2012, Nordion announced the TheraSphere preceptor program,
which provides TheraSphere users with access to the expertise of
veteran users of the liver cancer therapy, complementing the current
training program
Consolidated Financial Results