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Cardiovascular Systems announces anticipated revenue impact from hurricanes


Monday, 18 Sep 2017 07:00am EDT 

Sept 18 (Reuters) - Cardiovascular Systems Inc :Cardiovascular Systems announces anticipated revenue impact from hurricanes Harvey and Irma.Cardiovascular Systems - ‍impact of hurricanes Harvey and Irma on procedure volumes in Greater Houstonm Florida will reduce fiscal 2018 Q1 revenues​.Cardiovascular Systems -‍potential revenue impact on CSI quarterly results magnified due to "small product portfolio and location and timing of storms"​.Cardiovascular Systems - ‍fiscal Q1 revenues are more heavily weighted in September, as procedure volumes begin to accelerate from summer levels​.Cardiovascular Systems Inc - ‍"Houston and Florida markets typically generate over 15% of CSI's revenues"​.Cardiovascular Systems - ‍co anticipates that the factors will reduce Q1 revenues below range of $52.6 million to $53.6 million provided on August 2, 2017​.