$ANGO

ANGIODYNAMICS INC

CIK:0001275187|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Income Statement [Abstract]
Net sales	$ 80,915	$ 75,711
Cost of sales (exclusive of intangible amortization)	32,875	33,854
Gross margin	48,040	41,857
Operating expenses:
Research and development	7,979	6,417
Sales and marketing	29,986	28,130
General and administrative	12,467	12,555
Amortization of intangibles	2,729	2,653
Acquisition, restructuring and other items, net	2,181	2,758
Total operating expenses	55,342	52,513
Operating loss	(7,302)	(10,656)
Other income (expense):
Interest expense, net	(88)	(4)
Other income (expense), net	94	(178)
Total other income (expense), net	6	(182)
Loss before income tax (benefit) expense	(7,296)	(10,838)
Income tax (benefit) expense	(199)	65
Net loss	$ (7,097)	$ (10,903)
Loss per share
Loss per share, basic (USD per share)	$ (0.17)	$ (0.26)
Loss per share, diluted (USD per share)	$ (0.17)	$ (0.26)
Weighted average shares outstanding
Basic weighted average shares outstanding (in shares)	42,022,000	41,174,000
Diluted weighted average shares outstanding (in shares)	42,022,000	41,174,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Cash flows from operating activities:
Net loss	$ (7,097)	$ (10,903)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,498	5,950
Non-cash lease expense	366	445
Non-cash interest expense	72	70
Stock based compensation	4,502	4,470
Deferred income taxes	(306)	(16)
Change in accounts receivable allowances	(57)	108
Fixed and intangible asset disposals	81	(27)
Other	(707)	264
Changes in operating assets and liabilities:
Accounts receivable	3,471	139
Inventories	(2,715)	(192)
Prepaid expenses and other	(1,019)	(5,525)
Accounts payable, accrued and other liabilities	(17,419)	(10,697)
Net cash used in operating activities	(15,330)	(15,914)
Cash flows from investing activities:
Additions to property, plant and equipment	(379)	(731)
Additions to placement and evaluation units	(2,769)	(820)
Net cash used in investing activities	(3,148)	(1,551)
Cash flows from financing activities:
Principal payments on financing arrangement	(99)	(91)
Proceeds (outlays) from issuances of shares of common stock	(1,276)	234
Net cash (used in) provided by financing activities	(1,375)	143
Effect of exchange rate changes on cash	(38)	191
Decrease in cash	(19,891)	(17,131)
Cash at beginning of period	53,864	55,893
Cash at end of period	33,973	38,762
Supplemental disclosure of non-cash investing and financing activities:
Accrual for capital expenditures incurred during the period	$ (11)	$ (94)

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2026	May 31, 2026
Current assets
Cash	$ 33,973	$ 53,864
Accounts receivable, net of allowances of $1,739 and $1,851 respectively	44,905	48,325
Inventories	54,953	52,436
Prepaid expenses and other	9,172	8,769
Total current assets	143,003	163,394
Property, plant and equipment, net	27,728	27,097
Intangible assets, net	61,894	67,209
Other assets	9,308	9,463
Total assets	241,933	267,163
Current liabilities
Accounts payable	26,579	31,513
Accrued liabilities	28,811	38,909
Other current liabilities	4,299	4,295
Total current liabilities	59,689	74,717
Deferred income taxes	4,680	5,316
Other long-term liabilities	13,601	16,305
Total liabilities	77,970	96,338
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, par value $0.01 per share, 5,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, par value $0.01 per share, 75,000,000 shares authorized; 43,038,297 and 42,314,266 shares issued and 42,424,450 and 41,700,419 shares outstanding at August 31, 2026 and May 31, 2026, respectively	388	387
Additional paid-in capital	639,308	636,083
Accumulated deficit	(473,036)	(465,939)
Treasury stock, 613,847 shares, at cost at August 31, 2026 and May 31, 2026, respectively	(7,381)	(7,381)
Accumulated other comprehensive income	4,684	7,675
Total Stockholders’ Equity	163,963	170,825
Total Liabilities and Stockholders' Equity	$ 241,933	$ 267,163
Treasury stock, shares (in shares)	613,847	613,847