-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E+CzOyBWya/Og31iwq7tcp0UFbCf7F0fqt+W101YCY8h3DbVY3OTlX8+5zupktL1 ED8PIxMGSbBkyHdLZ3lV5Q== 0001104659-05-001187.txt : 20050112 0001104659-05-001187.hdr.sgml : 20050112 20050112163041 ACCESSION NUMBER: 0001104659-05-001187 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050112 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050112 DATE AS OF CHANGE: 20050112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABIOMED INC CENTRAL INDEX KEY: 0000815094 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 042743260 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09585 FILM NUMBER: 05526131 BUSINESS ADDRESS: STREET 1: 22 CHERRY HILL DR CITY: DANVERS STATE: MA ZIP: 01923 BUSINESS PHONE: 9787775410 MAIL ADDRESS: STREET 1: 22 CHERRY HILL DRIVE CITY: DANVERS STATE: MA ZIP: 01923 8-K 1 a05-1405_18k.htm 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The  Securities Exchange Act of 1934

 

 

Date of Report:  January 12, 2005

(Date of earliest event reported)

 

 

ABIOMED, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

 

 

04-2743260

(State or other Jurisdiction of Incorporation)

 

 

 

(IRS Employer Identification Number)

 

 

 

 

 

0-20584

(Commission File Number)

 

22 Cherry Hill Drive

 Danvers, MA 01923

(Address of Principal Executive Offices, including Zip Code)

 

(978) 777-5410

(Registrant’s Telephone Number, including Area Code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

 

 

 



 

Item 2.02               Results of Operations and Financial Condition.

 

                Attached and incorporated herein by reference as Exhibit 99.01 is a copy of a press release of ABIOMED, Inc. dated January 12, 2005, reporting preliminary limited financial information for its third fiscal quarter ending December 31, 2004.  The information contained in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Act of 1934, whether made before or after the date hereof and regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.

 

                The full text of the Company’s press release reporting this filing is attached as Exhibit  99.01 to this report and incorporated herein by reference.

 

 

Item 9.01               Financial Statements and Exhibits

 

 

(c) Exhibits

 

 

 

 

 

      99.01

 

Press release dated January 12, 2005

 

 

2



 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

 

 

ABIOMED, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Charles B. Haaser

 

 

 

 

 

 

Charles B. Haaser

 

 

 

 

 

 

Controller

 

 

 

 

 

 

Principal Accounting Officer

 

 

 

 

 

 

Principal Financial Officer

 

 

 

 

 

 

 

 

Date: January 12, 2005

 

 

 

 

 

 

 

 

 

3



 

Exhibit Index

 

 

 

Exhibit Number

 

Description

 

 

 

99.01

 

Press release dated January 12, 2005

 

 

4


EX-99.1 2 a05-1405_1ex99d1.htm EX-99.1

Exhibit 99.01

 

 

 

Media Relations:

 

Investor Relations:

Andrea tenBroek

 

Brian Ritchie

Communications Specialist

 

Noonan/ Russo

(978) 646-1815

 

(212) 845-4269

mediarelations@abiomed.com

 

brian.ritchie@eurorscg.com

 

ABIOMED Provides Financial Update

 

Company Plans to Release Quarterly Results and Hold Conference Call on January 31st, 2005

 

DANVERS, MA, January 12, 2005 — ABIOMED, Inc. (NASDAQ: ABMD), a manufacturer of products for circulatory care and support, today released financial highlights for the third quarter of its fiscal year 2005 ended December 31, 2004.  ABIOMED plans to issue a complete financial report and host a conference call to discuss fiscal 2005 third quarter results on January 31st at 11:00 a.m. Eastern Time.  This call may be heard live via our web site at www.abiomed.com.

 

Recent corporate developments include:

                  Expected product revenues of $9.6 million, which represents 46 percent growth as compared to the third quarter of last year and represents the second highest quarterly revenue in company history.

                  Expected net loss of $.01 per share, compared to a net loss of $.09 per share in the same quarter last year;

                  Record sales growth of 69 percent in Europe versus prior year and the highest quarterly revenue for the company’s ABIOMED B.V. subsidiary in its history;

                  Record sales of AB5000 consoles, a unit increase of more than 300% versus last year and 53 percent compared to the prior quarter;

                  A 28 percent increase of BVS 5000 revenues versus the same quarter of the previous year;

                  Triple-digit growth of U.S. field service revenue compared to last year;

                  Continued clinical success with the AB5000 Circulatory Support System.  Since the product’s introduction, more than seventy percent of survivors have been able to go home with their own hearts.

                  More than 20 AB5000 patients have been supported beyond thirty days with some exceeding ninety days.

 

“This quarter was marked by many significant achievements throughout the organization, however our third quarter of fiscal 2005 will not be a profitable one,” stated Michael R. Minogue, CEO and President of

 

 

 



 

ABIOMED.  “We primarily attribute this to a slower than expected sales force expansion in the United States while we continued our commitment to the development of new products.  In order to more rapidly drive U.S. sales growth, we have made changes in U.S. leadership and sales recruitment activities with the goal of filling open territories.  The fundamentals of our business are strong and ABIOMED remains on target with product development and international expansion, as well as revenue growth from our service and clinical education programs.”

 

About ABIOMED

Based in Danvers, Massachusetts, ABIOMED, Inc. (pronounced “AB’-EE-O-MED”) is a leading developer, manufacturer and marketer of medical products designed to assist or replace the pumping function of the failing heart. ABIOMED, which currently sells the BVS® 5000 Biventricular Support System and the AB5000™ Circulatory Support System, is the market leader in devices for the temporary support of patients with failing but potentially recoverable hearts. In September 2004, ABIOMED applied for initial FDA market approval for the AbioCor Implantable Replacement Heart to treat a defined subset of irreversible end-stage heart failure patients under a Humanitarian Device Exemption.

 

This Release contains forward-looking statements, including statements regarding development of ABIOMED’s existing and new products, the Company’s progress toward commercial growth, and future opportunities. The Company’s actual results may differ materially from those anticipated in these forward-looking statements based upon a number of factors, including uncertainties associated with development, testing and related regulatory approvals, anticipated future losses, complex manufacturing, high quality requirements, dependence on limited sources of supply, competition, technological change, government regulation, future capital needs and uncertainty of additional financing and other risks and challenges detailed in the Company’s filings with the Securities and Exchange Commission, including the Annual Report filed on Form 10-K.  Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this Release.  The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this Release or to reflect the occurrence of unanticipated events.

###

 

 

 


GRAPHIC 3 g14051kaimage002.jpg GRAPHIC begin 644 g14051kaimage002.jpg M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A'P_]T`!``H_]H` M#`,!``(1`Q$`/P#9D1$`1$0!0>59#'8;87M(=4R^UA9X^WR!2=PKX+90RUE2 M_=CB;J?'XEC=ZN]1>[E)65!TUX1LZF-Z@M5L]U87,ZNS=%VFS>ETK^_D>62I MGFE?++,]SWG>P.J:H;Q=\5O4`L80WG@D:W51TM6_C+[BJP;/K[-$'N$$)/Z+W\?W+BY^4X? M(UTCI!!KI[9V_$[Q>):NNJIIH:RG?3U$;9(I!HYKAS4GT*7)E=6U[)O%T5*/ MA@B\/A+$3Q:>T>)3*RFW"3&,[%*QQ,?2]$1KS8[DM6659&U^FA38G7TR64$1%L.>$1$`1$0!$1`$1$`1$0!$1`$1$`1$0!$1`$1$`1 M$0!$1`$1$`1$0!?"0T$DZ`<22OJH^>Y-W/&ZST;_`'60>[O!]XWL\I6,I**R MR1IM//46*N)`9IDIO5=W+3./<=.[A_['=OD75B&.NOMQ$DS3W'3D&0_'/4U1 M5KMD]VN$5#3-]L\\7=3&]9*V2U6RGM%OBHZ9NC&#B>MQZR5&A%V2WF6/6ZB& MAH5%/-_]GS,DR=K69+7,8T-:V30`<@-%;\4^#ZM_:?4JCE/YT7#YW[E;<5X; M/JW]I]2\AU/ZF>L]SK\XF=M&L8'B6N811> MVVW2LM%6*JBF,;QP(YAP["%C7/=>27M#2=JJW4^*XHW%<7.:QA>XAK6C4D]0 M6?P;3IA$!46UKGZ.3NC?[(MH39:<:Q],'`_X6]?[EJJJ&SZVV^"V&M@F;/4R\)#IIT?^'16 M]>U+"R^\U;2MC*U5QY06`B(MIS0BRS:KD%VDO]HQ>PUDM-5U#PZ1\3RTC7@T M'3JYGS+OV39!OH92X.E>7.+=="-3X]/2@-,1%A;_`&3Y-M/O M-DHTSC^\"I_Y/XE$Y%9=H[\MQY9+< M(87#I8W%Q`!/6'$@A`;2BKN/9"[(\'CO`;T4LM.XO#3[UX!!T\X5/V*7FY76 MDNKKE<*BK,4K0TS2%VZ-.K5`:DBQR>_Y;M$RVMM./7`VNVT3BU\S#H2`=-21 MQ.I')>T[)LD=Q=G-62>?!_\`$@-618Q?+1GFSRB%XI"N%UR=]XV1U=_H7OI9GT9<#&[1T;P=#H?+J@+NB_/>)9=D5FO%FN=VNM556 MNX.=$X32.446,8]6S4\S&&6=\+ MRTZZ$Z'3L`U\Z`UI%E.R6\72XXY?I*ZXU%5)"2(WRR%Q;[4\M56L)MV89O%6 MS09E64@I9`PM?(]V]KKV$=B`WM%EG>TSC^\"I_Y/XE-8GAF2V.]"LNN5S7.G MZ,MZ!^_IJ>1XDH"\HL+B;E&4[2+Q9J'**N@9`][V^Z.+0`0-``1IS5A[VF-.XN]L!V!Q(/D5FV=YU)F%GG M%1$R.YT?M98QP#^QP'4@+JBS_N^[-J7R1U-0:GP?$DN_2:6<@`.(*(#0$1>: MX5T%MH9:NI?NQQ-U)[?$AZDY/"(S*X MNEFF=J>LN<5[+U=Y[WUO[3ZE4LI_.BX?._UI^<^I1(=3^I:=7[G5YQ,[; M[P>11\1#5'HWMZM>HK7%BN.4[ZG(J&.,: MGI0X^0<5M2ET-[K*GMN,5?%KFUQ"X2R,AB?+(X-8QI<,J>SN*3+]I5VRJI9O0TI+8->(:3P:!_IU]*Y9 M>#A6UNVY#&"RCN)W*@CEJ>#M?2#YE9MF5/:\UY!A=1T-PI'U-&>GB#9FDG3F.?9J@-!:X/:'-.H(U!6*8S74EOVXW MV:LJ8J>/I)AO2.#1KKXU?=E^0>R#":21[RZHIAT$NIXDMY'SA9K;LU`;'[*U++[+/B%1:J&OAK*VL+61P MP.WSSXDZ+W=YG#/['/\`3N41D^R2RVVRU%TL,M30UU$PS1N$I():-=/%Y4!8 M,%M-59=F4-)6QF*?H))',=S;O:G0^-5#85PME\_7'V2K)L[R6LR79_437"7I M:JG$D3Y".+@!P)\>BK>PK^J[[^N/LE`=NPSC/?G'F9AQ\Y6NK(MA?]+??GA] MZUU`5G:.`=GMZU'_`(I^L*@XZXG^3Y=`3J`R73U@K]M&^#V]_P"5=]RH&.?] M/MU_4E^T$!XK;CQO^PO>B:75-#/)/%H.)T/$>CZEH6R_(QD6&4KWNWJBD'<\ MVO/5O(^C1>#8TUK]GD3'#5KI9`0>L:JMXNXX'M:K;#*2R@NGMJ?4\`3Q;]X\ MR`UFY5\-KMM17U#@V*GC+W$GL"R/9O;YKY/D6;5S3OS,EC@UZM6ZGT#0*6VT MWR1MNH\:HG:U-RD&^T<]S70#SGZE;[99(\=P46N,`&"C>'D=;BTEQ]*`SW8O M^:V1>4_8*X[$;I;[?1W@5M;!3E\[2T2R!NO`]JY;%_S6R+RG[!41LIPFQY73 MW26[4[Y7P3-:PMD+=`=>Q`;-[);%\KT7T[?Q7IH[K;K@]S*.M@J'-&KA%('$ M#S*H=YO"_P"PS?3N4QCF#6'%*F6HM-,^*29FX\ND+M1KKUH#/L#^&R__`*LO MVFK8UCF!_#9?_P!67[35L:`+'=GC6T6V+(Z2`;L)$@W?(\%;$L=P0B3;9D3V M\1[KQ_U!`;`&,#R\,;O$:%VG$HN2(#X2&@DG0#F2LJS3)#>:_N6F?_,ZPZKX;^Q0LI_.BO^=^Y6S%_@\KOVGU+QU=R MP:NJY*JHIZETLIU<=UPU*]E)D^(T-LDMM.RH;32:[S=PG77FH\4E)O)W;YV6 M:>%:KEE8[O`SUOO!Y%]5O$^```=RU/#Q.3I\`_LM3Z'+#<^:.CVQ_"E]O]E0 M7**-\THBA8Z21W`-8-25;148`"#W+4^AREJ'+,0MH_F=*Z$]K8>/I107>T:[ M-;8EZE,F_+!WX5BDEJ!N%>T"JD;HR/P;?'XU<%7[=FMHNE?'14SIC++KN[T> M@5@4N&ZEB)5-9*^5N]>L-_@+%LY)SG:I08Q&YSJ2CX3[AY=;_P!V@\ZVE1M) MCUGH+C+<:6WPQ5()XD M^);'4X]:*RZ172HM\,E;#IN3D>V;IRXKR5>$XS75TZ@]'KIZ4!5MEEFJ;3LWGDJHG1258DE#'#0[NF@/G"A MM@P#Z"]-^-*T?N6O.C8^,QN:"PC0MZM%X;58;58VR-M=!#2"4ZO$8TWB@,>Q M*]Q;,\UN]JO\K\AS8_L&K*.J9N5!I'22-/Z)<[73T:*Z6W#L.#AV%`4C8O\'T'STGUKP;:+')+:J3(Z-G\Y MMD@+W#GN:Z_N/UK0K;:Z&ST@I+=2QTT`)(CC&@U*[JFF@K*:2FJ8FRPRMW7L M>-0X=A0&+X$ZIVA[1I[>Q;(N/;]@J/V1Y? M8L:I;K'=JYM.Z:9KF`M)U`U[%L=MQ^T6B":"W6^&FBG_`*1L8T#O*HX[/\2) M)-@H]3_@0'__T;MWUL+^66>H[\%[[-G6.9!7BAMEQ;/4%I=N!I'`<^:X][[$ M?D"C]1>NVXG8+/5=U6ZU4]-/NEO21MT.G8@,BQZ_VS'=K]^K+K4BGA=TC`X@ MG5V\.'#R+1>^MA?RRSU'?@I*IPC&*RIDJ:FR4LLTKMY[W-XN/:NKO?8C\@4? MJ("#N^V3%J&A?)15+ZZHT/1Q1L(!/5J3R"C=CV/5\3[AD]TB=%-<3I$UXT): M3J7>E72EPG&*.834]CHV/;Q!Z,'3TJ<``&@&@"`^HB(#$+@2^OJ'O.\XRNU) MXDJW[,6-+Z]^Z-X;H!TXZ(B@U^T+EK?<'Y+]%JR=H=CU6'`$%G(K,^YX?`L] M4(BSOZD0MC^QEYCH(?!,]4)T$/@F>J$1:#LGWN>'P+/5"=!#X%GJA$7H/G00 M^"9ZH3H(?!,]4(B\`Z"'P+/5"^]!#X%GJA$0$KB\,3
-----END PRIVACY-ENHANCED MESSAGE-----