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Cardiovascular Systems logo
Cardiovascular Systems CSII
report update icon

Quarterly report 2023-Q2
added 05-30-2026

Cardiovascular Systems Income Statement 2022-2009 | CSII

Brief overview of revenue and earnings at Cardiovascular Systems

The comparison covers a five-year financial horizon. The revenue attributed to Cardiovascular Systems moved from $52.6 million to $236 million between the two endpoints. The cumulative result was +348.9%, corresponding to roughly 35% per year. Sales grew at a rate typical of a strong expansion phase.

At the gross-profit level, the result moved from 43.1 million dollars to 173 million dollars, a change of +300.6%. Direct costs grew more slowly than revenue and improved the economics of sales. At the margin level, the figure shifted from 82% to 73.1%. Weakening gross profitability reduces the quality of the top-line trend.

EBITDA was $2.4 million at the beginning and −$32.1 million at the end of the period (−1452.4%). Changes in revenue did not translate into comparable EBITDA performance. Comparing the endpoints gives EBITDA margins of 4.5% and −13.6%. Operating return per unit of revenue declined.

The final result was −$413 thousand initially and −$36.9 million in the final year. The period ended with a larger loss than it began with.

The market value of the business moved from $770 million to $602 million, or −21.8%. Financial performance is stronger than the share-price trend.

Summary assessment

The current trajectory does not yet confirm a sustainable recovery. The constructive conclusion rests on a larger revenue base. The weaker side of the profile includes weaker operating efficiency, declining capitalization and pressure from direct costs. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Cardiovascular Systems

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

602 M 818 M 1.42 B 1.26 B 1.17 B 770 M 924 M 264 M 1.07 B 759 M 285 M 144 M - -

Shares

39.2 M 38.8 M 34.3 M 33.5 M 33.1 M 32.4 M 32.5 M 31.5 M 28.3 M 21.7 M 18 M 15.9 M 14.7 M -

Historical Prices

15.3 21.1 41.3 37.6 35.4 23.8 28.4 8.36 37.7 35 15.8 9.05 - -

Net Income

-36.9 M -13.4 M -27.2 M -255 K 492 K -413 K 1.04 M -15.2 M -5.27 M -8.66 M -5.77 M -11.1 M -23.9 M -

Revenue

236 M 259 M 237 M 248 M 60.2 M 52.6 M 178 M 182 M 137 M 104 M 82.5 M 78.8 M - -

Cost of Revenue

63.4 M 61.1 M 48.8 M 47.7 M 39.5 M 39.4 M - - - - - - - -

Gross Profit

173 M 198 M 188 M 200 M 48.7 M 43.1 M 40.9 M 33.3 M 35.4 M 25 M 19.4 M 62.5 M 49.8 M -

Operating Income

-35.8 M -11.9 M -26.8 M -825 K 2.23 M -1.54 M -56.1 M -32.6 M -33.5 M -22.4 M -14.5 M -8.81 M -22.9 M -

Interest Expense

1.63 M 1.74 M 1.97 M 1.68 M 1.72 M 500 K - 23 K 1.03 M 1.34 M 1.36 M 1.42 M 1.44 M -

EBITDA

-32.1 M -8.84 M -23.8 M 2.32 M 5.96 M 2.38 M -52.4 M -30.5 M -32.2 M -22.3 M -14.4 M -8.76 M -22.8 M -

Operating Expenses

209 M 210 M 215 M 201 M 175 M 167 M 199 M 175 M 139 M 102 M 77.7 M 71.3 M 72.7 M -

General and Administrative Expenses

171 M 167 M 170 M 168 M 149 M 144 M 163 M 144 M 118 M 86.7 M 66.4 M 62.4 M 62.4 M -

All numbers in USD currency

Quarterly Income Statement Cardiovascular Systems

2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

39.7 M 39.6 M 39.7 M 39.3 M 39.2 M 39.1 M 39.2 M 39.1 M 38.9 M 38.9 M 38.8 M 38.7 M 34.1 M 33.9 M 34.1 M 33.6 M 33.5 M 33.4 M 33.5 M 33.2 M 33.1 M 33 M 33.1 M 32.7 M 32.2 M 33 M 32.2 M 32.7 M 32.6 M 32.2 M 32.6 M 31.6 M 31.5 M 31.3 M 31.5 M 30.4 M 27.2 M 24.8 M 27.2 M 21.5 M 20.7 M 20.4 M 20.7 M 18 M 17.9 M 17.7 M 17.8 M 17.5 M 17 M 17 M

Net Income

-7.89 M -10.6 M -7.89 M -9.66 M -8.97 M -8.62 M -8.97 M -8.62 M -6 M -8.62 M -56 K -2.08 M -3.4 M -5.78 M -3.4 M 672 K 492 K -2.89 M 492 K 365 K -413 K -1.98 M -413 K -1.75 M 1.04 M -1.86 M 1.04 M -22.7 M -15.2 M -13.3 M -15.2 M -10.7 M -5.27 M -8.22 M -5.27 M -9.71 M -8.66 M -7.29 M -8.66 M -6.22 M -5.77 M -5.21 M -5.77 M -4.19 M -4.14 M -3.86 M -4.14 M -3.86 M -4.14 M -3.86 M

Revenue

61.5 M 59.7 M 61.5 M 56.2 M 59.1 M 58.4 M 59.1 M 58.4 M 63.3 M 63.3 M 64.2 M 60.5 M 68.3 M 64.5 M 68.3 M 63.3 M 60.2 M 56.3 M 60.2 M 56.3 M 60.2 M 56.3 M 52.6 M 49.7 M - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

18.5 M 16.7 M 18.5 M 14.8 M 18.1 M 14.3 M 18.1 M 14.3 M 14 M 14 M 13.9 M 12.6 M 13.7 M 12.7 M 13.7 M 12.2 M 11.5 M 10.6 M 11.5 M 10.6 M 11.5 M 10.6 M 9.5 M 9.2 M - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

43 M 43 M 43 M 41.4 M 41.1 M 44.1 M 41.1 M 44.1 M 49.3 M 49.3 M 50.2 M 48 M 54.6 M 51.8 M 54.6 M 51.1 M 48.7 M 45.7 M 48.7 M 45.6 M 43.1 M 40.5 M 43.1 M 41 M 40.9 M 40.3 M 40.9 M 35.7 M 33.3 M 35.1 M 33.3 M 36.6 M 35.4 M 32.5 M 35.4 M 27.2 M 25 M 22.9 M 25 M 20.2 M 19.4 M 18 M 19.4 M 16.1 M 15.2 M 14.3 M 15.2 M 14.3 M 15.2 M 14.3 M

Operating Income

-8.53 M -10.9 M -8.53 M -9.65 M -8.56 M -8.12 M -8.56 M -8.12 M -5.65 M -5.65 M 283 K -1.66 M -3.37 M -5.93 M -3.37 M 507 K 384 K -2.97 M 384 K 489 K -275 K -1.75 M -275 K -1.76 M 1.08 M -1.87 M 1.08 M -22.7 M -15.1 M -13.2 M -15.1 M -10.5 M -5.25 M -8.19 M -5.25 M -9.59 M -7.5 M -6.85 M -7.5 M -5.41 M -5.12 M -5.21 M -5.12 M -3.72 M -3.66 M -3.1 M -3.66 M -3.1 M -3.66 M -3.1 M

Interest Expense

404 K 406 K 404 K 408 K 409 K 410 K 409 K 410 K 412 K 412 K 412 K 499 K 500 K 472 K 500 K 420 K 422 K 424 K 422 K 429 K 430 K 432 K 430 K 432 K 430 K 432 K 46 K - - - - 1 K 6 K 16 K 6 K 103 K 564 K 281 K 564 K 327 K 345 K 370 K 345 K 370 K 345 K 370 K 279 K 344 K - -

EBITDA

-6.73 M -10 M -8.18 M -6.81 M -6.66 M -7.16 M -8.21 M -7.16 M -3.42 M -5.34 M 587 K -933 K -1.88 M -5.19 M -3.04 M 2.89 M 1.96 M -2.17 M 439 K 3.42 M 1.71 M -758 K -275 K 1.17 M 3.02 M -910 K 1.08 M -20 M -13.3 M -12.3 M -15.1 M -9.25 M -4.5 M -7.82 M -5.25 M -9.46 M -7.39 M -6.82 M -7.5 M -5.27 M -5.02 M -5.18 M -5.12 M -3.68 M -3.66 M -3.1 M -3.66 M -3.06 M -3.66 M -3.1 M

Operating Expenses

51.5 M 53.9 M 51.5 M 51.1 M 49.6 M 52.2 M 49.6 M 52.2 M 54.9 M 54.9 M 50 M 49.6 M 58 M 57.8 M 58 M 50.6 M 48.3 M 48.7 M 48.3 M 45.1 M 43.4 M 42.2 M 43.4 M 42.8 M 39.8 M 42.2 M 39.8 M 58.5 M 48.5 M 48.3 M 48.5 M 47.1 M 40.6 M 40.7 M 40.6 M 36.8 M 32.5 M 29.7 M 32.5 M 25.6 M 24.5 M 23.2 M 24.5 M 19.8 M 18.8 M 17.4 M 18.8 M 17.4 M 18.8 M 17.4 M

General and Administrative Expenses

41.6 M 44.5 M 41.6 M 41.7 M 40.4 M 41.9 M 40.4 M 41.9 M 41.4 M 41.4 M 40.1 M 40.3 M 46.9 M 46.8 M 46.9 M 41.4 M 41.1 M 41.2 M 41.1 M 37.8 M 37 M 35.9 M 37 M 37.3 M 34 M 36.9 M 34 M 42.3 M 41.3 M 41.4 M 41.3 M 39.4 M 32.6 M 33.5 M 32.6 M 31.4 M 27.5 M 25.4 M 27.5 M 21.6 M 20.4 M 20 M 20.4 M 16.8 M 15.7 M 15.4 M 15.7 M 15.4 M 15.7 M 15.4 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Cardiovascular Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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