Today, the leading provider of infusion pumps and related services, InfuSystem Holdings, Inc. reported preliminary unaudited revenue results for the fourth quarter and fiscal year ending December 31, 2011.
In the fourth quarter, InfuSystem reported revenues of $14.0 million, an increase from last year’s fourth quarter results of $13.1 million. These results represent the second highest quarterly revenue in the company’s history, coming in second only to the third quarter of 2011. InfuSystem was happy to report that it has achieved its 17th straight quarter of year-over-year revenue growth.
For 2011 as a whole, the company achieved record revenues of $54.6 million, compared to $47.2 million in 2010. The yearly numbers indicate a 16% year-over-year increase and the fourth consecutive year of revenue growth overall.
“InfuSystem has delivered solid growth and improving financial results through the successful execution of our strategic plan,” said Sean McDevitt, Chairman and Chief Executive Officer of InfuSystem. “Despite tremendous headwinds, including the recent oncology drug shortage, revenues increased 16% year-over year. InfuSystem has now delivered increased revenues for 17 consecutive quarters.”
“Importantly, our improving financial results are driven by strong organic growth,” added McDevitt. “We have built a solid business with broad product and service offerings, allowing InfuSystem to grow with new and existing customers while expanding into new markets. Today, InfuSystem is well-positioned for long-term success and stockholder value creation.”
The company’s reported results are preliminary and subject to audit. InfuSystem representatives will announce its full audited results on Thursday, March 8, 2012 as well as host a live conference call and webcast to discuss the results. Interested parties may participate by dialing toll-free (800) 447-0521, passcode 31586969. The webcast will be hosted on the company’s website at www.Infusystem.com under the “Investors” section; a replay of the webcast will be available on the website for 30 days following the call.
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