EDEN PRAIRIE, Minn. (AP) _ SurModics Inc. (SRDX) on Wednesday reported fiscal second-quarter net income of $1.5 million.
The Eden Prairie, Minnesota-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The drug delivery technology company posted revenue of $22.8 million in the period.
SurModics shares have fallen slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.80, a fall of 12% in the last 12 months.