Thursday, February 11, 2016

Novadaq Q4 revenue to jump about 54%

Novadaq Q4 revenue to jump about 54%

January 12, 2016 by · Leave a Comment 

Tweet Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) has released preliminary unaudited revenue for the fourth quarter of 2015 of approximately $20-million, reflecting increases of about 54% from $13-million in the 2014 fourth quarter and 18% sequentially over $17-million in the third quarter last year. For all of 2015, the company anticipates total revenues to be approximately $63.8-million, […]

JMP resumes coverage of Novadaq at outperform

JMP resumes coverage of Novadaq at outperform

January 6, 2016 by · Leave a Comment 

Tweet JMP Securities has resumed coverage of Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) with a “market outperform” rating and $16 price target. The stock closed at $13.50 on Tuesday. “Novadaq was once highly regarded within the small cap MedTech world, but its shares were driven down from historical highs by what we believe were overblown concerns around […]

Wedbush ups Novadaq price target to $17

Wedbush ups Novadaq price target to $17

November 12, 2015 by · Leave a Comment 

Tweet Wedbush Securities has raised its price target for “outperform-rated” Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) to $17 from $15. The stock finished at $11.16 on Wednesday. “Novadaq is the leader in the rapidly growing intraoperative fluorescence imaging market, and we believe the company’s extensive research and development in this field, plus cumulative clinical/commercial experience, should keep […]

Novadaq Q3 revenue climbs 40%

Novadaq Q3 revenue climbs 40%

October 28, 2015 by · Leave a Comment 

Tweet Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) reported revenue of $17-million for the third quarter this year, an increase of 40% from $12.1-million a year ago. Product sales increased by $5.2-million, or 47%, primarily due to a 53% increase in capital sales and a 38% increase in recurring revenue. The company estimates that the number of procedures […]

In conversation with Arun Menawat

In conversation with Arun Menawat

October 20, 2015 by · Leave a Comment 

Tweet As president and CEO of Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ), Arun Menawat has led the company through a strategic transformation this year into a direct sales company from one originally dependent on partners to distribute its SPY fluorescent imaging solutions for the operating room. Novadaq’s pioneering imaging platform helps surgeons intraoperatively visualize critical structures including […]

Wedbush starts Novadaq at outperform

Wedbush starts Novadaq at outperform

October 7, 2015 by · Leave a Comment 

Tweet Wedbush Securities has initiated coverage of Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) with an “outperform” rating and 12-month price target of $15. The stock closed at $11.29 on Wednesday. Novadaq’s flagship SPY imaging technology is designed to reduce adverse events and overall costs associated with complex surgical procedures. “We estimate that the company’s product suite can […]

Novadaq, Arthrex to sell combined endoscopic system

Novadaq, Arthrex to sell combined endoscopic system

October 1, 2015 by · Leave a Comment 

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Novadaq unveils SPY-Q Case Manager software

Novadaq unveils SPY-Q Case Manager software

September 28, 2015 by · Leave a Comment 

Tweet Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) has unveiled its SPY-Q Case Manager (SPY-QCM) software at the Symposium on Advanced Wound Care Fall 2015 meeting in Las Vegas. SPY-QCM is an image acquisition and analysis software toolkit that will enable physicians treating patients with compromised blood flow and tissue perfusion to assess the effectiveness of chosen treatments […]

Novadaq Q2 revenue climbs 35%

Novadaq Q2 revenue climbs 35%

July 29, 2015 by · Leave a Comment 

Tweet Novadaq Technologies (NASDAQ:NVDQ; TSX:NDQ) has posted revenue of $15.1-million for the second quarter, an increase of 35% from $11.2-million a year ago. Product sales rose by $3.9-million, or 38%, primarily due to a 64% increase in recurring revenue and a 24% increase in capital sales. “At the start of the year, we initiated our […]

NOVADAQ names Patrice Merrin to board

NOVADAQ names Patrice Merrin to board

March 9, 2015 by · Leave a Comment 

Tweet NOVADAQ Technologies (NASDAQ:NVDQ; TSX:NDQ) has appointed Patrice Merrin to the board. Ms. Merrin is a corporate director with a long record of executive and board leadership success within the natural resources and healthcare industries. She is currently a non-executive director of Glencore and Stillwater Mining, and was chairman of CML HealthCare, a leading provider […]

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