SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 2, 2018
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|2 Musick, Irvine, CA||92618|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (949) 595-7200
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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Item 7.01 Regulation FD Disclosure.
On October 2, 2018, Endologix, Inc. (the Company) issued a press release announcing preliminary unaudited revenue results for the quarter ended September 30, 2018 and updated revenue guidance for the fiscal year ended December 31, 2018. The press release also announced that the Company is hosting a meeting for financial analysts and investment professionals in New York, New York on October 2, 2018 at 4:15 P.M. Eastern Time (the Investor Meeting). A copy of the press release is attached hereto as Exhibit 99.1.
The slides accompanying the Companys presentation at the Investor Meeting are available on the Investors section of the Companys website at www.endologix.com. In addition, a replay of the presentation will be available on the same website after the Investor Meeting.
Certain statements made in the presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions that these forward-looking statements are based on managements current expectations, estimates, forecasts and projections about the Company, and assumptions management believes are reasonable, and are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. See the Safe Harbor disclaimer in the presentation for additional information.
The information set forth in this Item 7.01, including Exhibit 99.1 attached hereto, is deemed to be furnished and shall not be deemed to be filed for purposes of the Securities Exchange Act of 1934, as amended (the Exchange Act), and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release, dated October 2, 2018.|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: October 2, 2018|
|Chief Financial Officer|
Vaseem Mahboob, CFO
Endologix Announces Third Quarter Preliminary Revenue Results and
Raises Low End of 2018 Revenue Guidance Range
The Company provides teleconference and webcast details for Investor Meeting
IRVINE, Calif., October 2, 2018 Endologix, Inc. (Nasdaq: ELGX), a developer and marketer of innovative treatments for aortic disorders, today announced that its preliminary unaudited revenue for the third quarter ended September 30, 2018 is expected to be in the range of $34.3 million to $34.7 million.
Also, based on current business trends, the Company raised the low end of its fiscal 2018 revenue guidance to $150 million. It now anticipates 2018 revenue to be in the range of $150 million to $155 million, compared to the previous range of $145 million to $155 million.
Teleconference and Webcast Details
The Company will host a meeting for financial analysts and investment professionals today at The London Hotel NYC, 151 W. 54th St., New York, NY 10019. For those unable to attend in person, a live teleconference and webcast of the presentations will begin at 4:15 p.m. ET.
To participate in the teleconference, dial 844-242-1698 (domestic) or 512-772-3064 (international) and refer to the passcode 5966388.
A live webcast of the presentations will be available on the Investors section of the Companys website at www.endologix.com. Following the event, a replay of the presentation and the associated materials will be available on the same site.
A recording of the teleconference will also be available from 7:00 p.m. ET on Tuesday, October 2, 2018, until 11:59 p.m. ET on Tuesday, October 9, 2018. To hear this recording, dial 855-859-2056 (domestic) or 404-537-3406 (international) and enter the passcode 5966388.
About Endologix, Inc.
Endologix, Inc. develops and manufactures minimally invasive treatments for aortic disorders. The Companys focus is endovascular stent grafts for the treatment of abdominal aortic aneurysms (AAA). AAA is a weakening of the wall of the aorta, the largest artery in the body, resulting in a balloon-like enlargement. Once AAA develops, it continues to enlarge and, if left untreated, becomes increasingly susceptible to rupture. The overall patient mortality rate for ruptured AAA is approximately 80%, making it a leading cause of death in the United States. For more information, visit www.endologix.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of words such as anticipate, expect, could, may, will, believe, estimate, forecast, goal, project, continue, outlook, guidance, future, and other words with similar meanings. Forward-looking statements used in this press release relate to, among other things, Endologixs preliminary revenue for the third quarter ended September 30, 2018 and projected revenue for 2018. The forward-looking statements made in this press release are subject to numerous risks and uncertainties that could cause actual results to differ materially from those anticipated or projected in the forward-looking statements. For example, the Companys preliminary revenue for the quarter ended September 30, 2018 has been disclosed based on information currently available to management, has not been subject to any review procedures by our independent registered public accounting firm, and are subject to adjustment based on final internal and external review and audit. In addition, the Companys ability to achieve its projected revenue for 2018 will be impacted by numerous factors, including: continued market acceptance of Endologixs products; the success of Endologixs restructuring and strategic initiatives; the success of clinical trials relating to Endologixs products; Endologixs product research and development efforts; uncertainty in the process of obtaining and maintaining regulatory approval for Endologixs products; Endologixs ability to protect its intellectual property rights and proprietary technologies; and other economic, business, competitive and regulatory factors. Please refer to Endologixs filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2017, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2018 and June 30, 2018, for more detailed information regarding these risks and uncertainties, as well as other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this press release. Endologix undertakes no obligation to update or review any forward- looking statements in this press release to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.
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