| Business Summary | | ArthroCare
Corporation
is
a
medical
device
company
that
develops,
manufactures
and
markets
products
based
on
its
patented
Coblation
technology.
The
Company's
products
allow
surgeons
to
operate
with
increased
precision
and
accuracy,
limiting
damage
to
surrounding
tissue
thereby
potentially
reducing
pain
and
speeding
recovery
for
the
patient.
Coblation
technology
is
applicable
across
many
soft-tissue
surgical
markets.
The
Company's
systems
are
used
to
perform
many
types
of
arthroscopic
surgery.
The
Company's
strategy
includes
applying
its
patented
Coblation
technology
to
a
broad
range
of
soft-tissue
surgical
markets,
including
arthroscopy,
cosmetic
surgery,
ear,
nose
and
throat
(ENT),
surgery,
spinal
surgery,
neuro
surgery,
general
surgery
and
various
cardiology
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ARTC
develops,
manufactures
and
markets
medical
devices
based
on
a
patented
Coblation
technology;
the
Co.'s
products
are
used
in
arthroscopic
and
orthopedic
procedures.
For
the
six
months
ended
6/30/01,
revenues
rose
22%
to
$42.7
million.
Net
income
before
acct.
change
fell
26%
to
$5.2
million.
Results
reflect
demand
for
new
disposable
device
models,
higher
list
prices,
and
$3.2
million
in
previously
unrecognized
license
fees,
offset
by
increased
staffing
and
related
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Michael Baker, 42 Pres,
CEO | $468K | $5.7M | John Raffle, 32 Managing
Director, Corp. Devel. and Legal Affairs | -- | -- | Christine Hanni, 40 VP
- Fin. and CFO | 187K | 827K | John Tighe, 40 VP,
Worldwide Sales and Marketing | 196K | 1.6M | Robert Hagan, 55 VP
- Manufacturing | 226K | -- | Dollar
amounts are as of 29-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|