Surmodics, Inc. revised earnings guidance for the fiscal year 2023. For the year, the company expects total revenue to range from $103 million to $106 million, representing an increase of 3% to 6% compared to the prior year. The company's prior guidance called for fiscal year 2023 total revenue to range from $102 million to $106 million, representing an increase of 2% to 6% compared to the prior year.

GAAP diluted loss per share to range from $(2.30) to $(2.00). The company's prior guidance called for fiscal 2023 GAAP diluted loss per share to range from $(2.40) to $(2.00).