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Shutterfly, Inc. (Nasdaq: SFLY) $34.31. Announced yesterday after market close financial results for the fourth quarter and full-year ended December 31, 2010. "Our strategic investments throughout 2010, combined with our focus on strong execution, innovation and improved efficiencies led to record revenues, profits, and free cash flows" said President and Chief Executive Officer Jeffrey Housenbold. "We continue to outpace the industry in terms of innovation, user experience, on-trend designs, quality, and customer service. With the social expression and personal publishing markets still in the early stages, Shutterfly will focus on extending our leadership position in these large markets throughout 2011."
Fourth Quarter 2010 net revenues increase 27% year-over-year to $166.2 million. Full Year 2010 net revenues increase 25% year-over-year to $307.7 million. Fourth Quarter GAAP net income of $1.09 per diluted share. Record Full Year Adjusted EBITDA of $67.1 million, representing 21.8% of net revenues. Record Full Year Free Cash Flows of $44.7 million.SGI (Nasdaq: SGI) $10.90. Announced yesterday after market close financial results for its second quarter of fiscal 2011. "SGI delivered the best quarter in its history. These record results underscore the success of our product strategy and execution, focus on operational excellence and commitment towards profitability," said SGI CEO Mark J. Barrenechea. "Given our business trends are improving, we are raising our FY11 non-GAAP revenue guidance and we expect to be profitable."
GAAP revenue of $177.5 million; Non-GAAP revenue of $185.9 million. GAAP gross margin of 29.5%; on-GAAP gross margin of 30.1%, GAAP EPS of $0.12; Non-GAAP EPS of $0.44, Raising guidance to reflect improving business trends.
What They Do: SGI is focused on helping customers solve their most demanding business and technology challenges.
Hansen Medical (Nasdaq: HNSN) $1.58. Today announced that it has entered, directly and through a wholly owned subsidiary, into patent and technology license, sublicense and purchase agreements with Philips to allow them to develop and commercialize the non-robotic applications of Hansen Medical's Fiber Optic Shape Sensing and Localization (FOSSL) technology.
FOSSL is a potentially disruptive visualization technology that employs a fiber optic sensor designed to allow physicians to identify both the shape and position of catheters and other tools used in minimally invasive procedures. FOSSL has the potential to enable more efficient and precise control and continuous tracking of flexible tools used in these procedures. Unlike traditional visualization methods, FOSSL is designed to provide visual information in 3D with significant reduction in the use of x-ray. FOSSL is being developed by Hansen Medical and Luna Innovations, Inc. which are jointly advancing its use in medical applications.
What They Do: Hansen Medical develops products and technology using robotics for the accurate positioning, manipulation and control of catheters and catheter-based technologies.
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