Andrew LaFrence - SurModics CFO, Vice President

SRDX Stock  USD 33.33  7.64  29.74%   

President

Mr. Andrew D. C. LaFrence is no longer Chief Financial Officer, Vice President Finance and Information Systems of SurModics, Inc., effective May 25, 2018. He joined the Company in February 2013 as Vice President of Finance and Chief Financial Officer and was also named Vice President of Information Systems in August 2016. Prior to joining Surmodics, he served as Chief Financial Officer for CNS Therapeutics, which developed and marketed pharmaceuticals for sitespecific drug delivery to the central nervous system, from January 2011 to January 2013. Prior to joining CNS, Mr. LaFrence served as interim Chief Financial Officer of International Green Power from July 2010 to January 2011. Mr. LaFrence has over 30 years of financial and management experience including 26 years at KPMG LLP where, from 1996 to 2010, he was an audit partner focusing on supporting venturebacked, highgrowth medical technology, pharmaceutical, biotech and clean tech private and public companies
Age 53
Address 9924 West 74th Street, Eden Prairie, MN, United States, 55344-3523
Phone952 500 7000
Webhttps://www.surmodics.com
LaFrence is a certified public accountant and received a bachelor degree in accounting and a minor in business administration from Illinois State University in 1984.

SurModics Management Efficiency

The company has return on total asset (ROA) of 0.0447 % which means that it generated a profit of $0.0447 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0481 %, meaning that it created $0.0481 on every $100 dollars invested by stockholders. SurModics' management efficiency ratios could be used to measure how well SurModics manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.01 in 2024. Return On Capital Employed is likely to drop to 0.03 in 2024. At this time, SurModics' Other Assets are fairly stable compared to the past year. Net Tangible Assets is likely to rise to about 60.7 M in 2024, whereas Total Assets are likely to drop slightly above 140.7 M in 2024.
The company currently holds 29.41 M in liabilities with Debt to Equity (D/E) ratio of 0.12, which may suggest the company is not taking enough advantage from borrowing. SurModics has a current ratio of 2.0, which is within standard range for the sector. Debt can assist SurModics until it has trouble settling it off, either with new capital or with free cash flow. So, SurModics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SurModics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SurModics to invest in growth at high rates of return. When we think about SurModics' use of debt, we should always consider it together with cash and equity.

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Surmodics, Inc., together with its subsidiaries, provides surface modification technologies for intravascular medical devices, and chemical components for in vitro diagnostic immunoassay tests and microarrays in the United States and internationally. The company was founded in 1979 and is headquartered in Eden Prairie, Minnesota. Surmodics operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 389 people. SurModics (SRDX) is traded on NASDAQ Exchange in USA. It is located in 9924 West 74th Street, Eden Prairie, MN, United States, 55344-3523 and employs 376 people. SurModics is listed under Health Care Equipment & Supplies category by Fama And French industry classification.

Management Performance

SurModics Leadership Team

Elected by the shareholders, the SurModics' board of directors comprises two types of representatives: SurModics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SurModics. The board's role is to monitor SurModics' management team and ensure that shareholders' interests are well served. SurModics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SurModics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Arens, VP of Corporate Devel. and Strategy
Thomas Greaney, Vice President - Operations, General Manager, SurModics Ireland
Charles Olson, Sr. VP and General Manager of Medical Device
Susan Knight, Independent Director
Gary Maharaj, CEO and President and Director
Andrew LaFrence, CFO, Vice President
Ronald Kalich, Independent Director
Lisa Heine, Director
John Manders, Corporate Controller and Principal Accounting Officer
Shawn McCormick, Independent Director
Gregg Sutton, Vice President - Research & Development
Teri Sides, Senior Vice President Chief Marketing Officer
John Benson, Independent Director
Jose Bedoya, Independent Director
Joseph Stich, VP and General Manager of In-Vitro Diagnostics
David Dantzker, Independent Director
Gordon Weber, General Legal
Teryl Sides, Senior Interventions
Bryan Phillips, Sr. VP of Legal and HR, General Counsel and Corporate Secretary

SurModics Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is SurModics a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SurModics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SurModics' short interest history, or implied volatility extrapolated from SurModics options trading.

Currently Active Assets on Macroaxis

When determining whether SurModics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SurModics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Surmodics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Surmodics Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SurModics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy SurModics Stock please use our How to Invest in SurModics guide.
Note that the SurModics information on this page should be used as a complementary analysis to other SurModics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running SurModics' price analysis, check to measure SurModics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SurModics is operating at the current time. Most of SurModics' value examination focuses on studying past and present price action to predict the probability of SurModics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SurModics' price. Additionally, you may evaluate how the addition of SurModics to your portfolios can decrease your overall portfolio volatility.
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Is SurModics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SurModics. If investors know SurModics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SurModics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.358
Earnings Share
0.39
Revenue Per Share
9.829
Quarterly Revenue Growth
0.225
Return On Assets
0.0447
The market value of SurModics is measured differently than its book value, which is the value of SurModics that is recorded on the company's balance sheet. Investors also form their own opinion of SurModics' value that differs from its market value or its book value, called intrinsic value, which is SurModics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SurModics' market value can be influenced by many factors that don't directly affect SurModics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SurModics' value and its price as these two are different measures arrived at by different means. Investors typically determine if SurModics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SurModics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.