December 28, 2014 1:12 PM ET

Biotechnology

Company Overview of Lifecore Biomedical, LLC

Company Overview

Lifecore Biomedical, LLC is engaged in the development, manufacturing, and marketing of hyaluronan based specialty medical products. The company offers pharmaceutical grade sodium hyaluronate for various medical applications, including ophthalmology, orthopedics, aesthetics, tissue engineering, and veterinary medicine. It also provides various research products, including research grade sodium hyaluronate powder used in laboratory experiments to ensure reproducibility of research observations; and Corgel biohydrogel, a biocompatible hyaluronan hydrogel based on di-hydroxyphenyl linkages of tyramine substituted sodium hyaluronate for various applications, such as adhesion prevention, aestheti...

3515 Lyman Boulevard

Chaska, MN 55318

United States

Founded in 1965

241 Employees

Phone:

952-368-4300

Fax:

952-368-3411

Key Executives for Lifecore Biomedical, LLC

President
Age: 58
Director of Finance
Chairman of Landec Corp and Chief Executive Officer of Landec Corp
Age: 65
Chief Scientific Officer and Vice President
Age: 59
Vice President and General Manager
Age: 51
Compensation as of Fiscal Year 2014.

Lifecore Biomedical, LLC Key Developments

Lifecore Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended May 25, 2014; Provides Earnings Guidance for the Fiscal 2015

Lifecore reported unaudited earnings results for the fourth quarter and full year ended May 25, 2014. For the quarter, the company reported revenues of $8.165 million compared to $8.238 million a year ago. Net income was $0.526 million compared to $0.945 million a year ago. For the year, the company reported revenues of $45.704 million compared to $41.281 million a year ago. Net income was $11.462 million compared to $9.414 million a year ago. For fiscal 2015, the company expects revenues to be down 5% to 10% and operating income to be down 30% to 35% as a result of the one-time inventory reduction during fiscal 2015 by one of Lifecore's customers.

Lifecore Reports Earnings Results for the Fourth Quarter and Full Year Ended May 26, 2013; Provides Earnings Guidance for 2014

Lifecore reported earnings results for the fourth quarter and full year ended May 26, 2013. For the quarter, the company reported revenues of $8.238 million compared to $6.861 million a year ago. Net income was $0.945 million compared to $0.402 million a year ago. For the year, the company reported revenues of $41.281 million compared to $34.283 million a year ago. Net income was $9.414 million compared to $7.672 million a year ago. For fiscal 2014, the company expects that revenues will grow approximately 10% to 15% and pre-tax net income will grow approximately 20%.

Lifecore Biomedical, LLC Announces Resignation of Dennis J. Allingham as President and Chief Executive Officer

On May 6, 2013, Dennis J. Allingham tendered his resignation as president and chief executive officer of Lifecore Biomedical, LLC, and effective June 1, 2013.

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