AngioDynamics reports strong Q1 results

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AngioDynamics, a provider of interventional radiology medical devices, has reported growth in net sales and operating income for its fiscal 2008 first quarter (end-Aug. 31).

For the period, the Queensbury, N.Y.-based firm posted $37.5 million in net sales, an 85 percent increase over the $20.3 million reported for the first quarter of fiscal 2007. Also, operating income rose 93 percent to $3.5 million from $1.8 million for the same period of the prior fiscal year.

AngioDynamics also reported that its product sales grew 15 percent in the first quarter compared with the first quarter of fiscal 2007.