If I understand well...... The increased loss is primarily due to higher operating expenses to drive growth in coronary products and preparation of the large-scale launch of SavvyWire for TAVR (Transcatheter Aortic Valve Replacement).
Well, well,quite a scandal : spending money to drive growth! What were they thinking?
I will never understand why some people expect companies to grow without spending. Or maybe they don't understand..
Anyways, conference calls usually provide answers and , most importantly, context. Our conference call is in less than one hour.
GLTA