Livanova Plc Stock Price, News & Analysis

LivaNova PLC (Nasdaq: LIVN) announced the resignation of CEO Damien McDonald, effective immediately. William A. Kozy, Chair of the Board, will serve as interim CEO while the company searches for a permanent replacement. Kozy brings significant experience from his career at Becton Dickinson and as Vice Chair at The Cooper Companies. The company also reported preliminary Q1 2023 revenue of $263 million, marking a 9% increase compared to $240 million in Q1 2022. LivaNova is committed to maintaining its focus on growth and innovation during this transition, with full results set to be released on May 3, 2023.

LivaNova PLC (Nasdaq: LIVN) will host a conference call to discuss its first-quarter 2023 results on May 3, 2023, at 1 p.m. London time (8 a.m. Eastern Time). The results will be released prior to the call, and a live audiocast will be accessible on the company's website. Investors can join by dialing the respective numbers for the U.S. and international callers. The company has nearly five decades of experience in the medical technology sector and operates in over 100 countries. A replay of the call will be available on their website for 90 days.

LivaNova PLC (NASDAQ: LIVN) has received FDA 510(k) clearance for its Essenz™ Heart-Lung Machine (HLM), marking the start of its commercial launch in the U.S. The company also secured approvals from Health Canada and the Japanese PMDA, initiating a broader commercial release in Europe. The Essenz Perfusion System enhances clinical workflows and patient care during cardiopulmonary bypass (CPB) procedures, featuring reliable technology based on the LivaNova S5™ HLM. Key benefits include individualized patient care, user-friendly interfaces, and robust support worldwide.

LivaNova PLC (Nasdaq: LIVN) has announced that its Chief Executive Officer, Damien McDonald, will participate in a fireside chat at the Barclays Global Healthcare Conference in Miami, Florida. The event is scheduled for 9 a.m. Eastern Time on Thursday, March 16. Interested parties can register for the webcast through www.livanova.com/events, with a replay available on the company's website for 90 days after the presentation. LivaNova is a global medical technology company dedicated to improving patient outcomes with innovative solutions.

LivaNova PLC (Nasdaq: LIVN) reported Q4 2022 revenue of $274.9 million, up 1.8% year-over-year, with adjusted diluted EPS at $0.81. For full-year 2022, revenue was $1.02 billion, down 1.3%, but showed a 2.3% rise when excluding the Heart Valve business divested in 2021. The Cardiopulmonary segment grew 10.5%, driven by increased cardiac surgeries. However, Advanced Circulatory Support revenue fell 29.1% due to fewer ECMO treatments. Looking ahead, LivaNova expects 2023 revenue growth of 3-5% and adjusted diluted EPS between $2.45 and $2.65. The company also ceased its heart failure clinical study due to disappointing data.