# EDGAR Filing Document

**Accession Number:** 0001275187
**File Stem:** 0001140361-26-000341
**Filing Date:** 2026-1
**Character Count:** 66995
**Document Hash:** 6febc159065d09ecb5b2fc82bfb42859
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-000341.hdr.sgml**: 20260106

**ACCESSION NUMBER**: 0001140361-26-000341

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20260106

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260106

**DATE AS OF CHANGE**: 20260106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANGIODYNAMICS INC
- **CENTRAL INDEX KEY:** 0001275187
- **STANDARD INDUSTRIAL CLASSIFICATION:** SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 113146460
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-50761
- **FILM NUMBER:** 26509398

**BUSINESS ADDRESS:**
- **STREET 1:** 14 PLAZA DRIVE
- **CITY:** LATHAM
- **STATE:** NY
- **ZIP:** 12110
- **BUSINESS PHONE:** 5187981215

**MAIL ADDRESS:**
- **STREET 1:** 14 PLAZA DRIVE
- **CITY:** LATHAM
- **STATE:** NY
- **ZIP:** 12110

?xml version='1.0' encoding='ASCII'?

#### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the

#### Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): **January 6, 2026**

## AngioDynamics, Inc.
(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Delaware**<br>| **000-50761**<br>| **11-3146460**<br>|
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **14 Plaza Drive, Latham, New York** <br>| **12110**  |
| (Address of Principal Executive Offices)<br>| (Zip Code) |

---

(518) 795-1400

&nbsp;&nbsp;&nbsp;&nbsp;(Registrant's telephone number, including area code)

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)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

#### Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, par value $0.01 per share<br>| ANGO<br>| NASDAQ Global Select Market<br>|

---

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 ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 2.02 – Results of Operations and Financial Condition.
On January 6, 2026, AngioDynamics, Inc. ("AngioDynamics") issued a press release announcing financial results for the fiscal second quarter ended November 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.

The information set forth in Item 2.02 of this Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section. Furthermore, such information shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

#### Item 7.01 – Regulation FD Disclosure.
Presentation slides discussing AngioDynamics and its fiscal second quarter ended November 30, 2025 are furnished herewith as Exhibit 99.2.

The presentation slides furnished pursuant to Item 7.01 of this Form 8-K (including Exhibit 99.2) shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section. Furthermore, the presentation slides shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act.

#### Forward-Looking Statements
This document and its attachments contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include the words such as "expects," "reaffirms," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "projects", "optimistic," or variations of such words and similar expressions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Investors are cautioned that actual events or results may differ materially from AngioDynamics' expectations, expressed or implied. Factors that may affect the actual results achieved by AngioDynamics include, without limitation, the scale and scope of the COVID-19 global pandemic, the ability of AngioDynamics to develop its existing and new products, technological advances and patents attained by competitors, infringement of AngioDynamics' technology or assertions that AngioDynamics' technology infringes the technology of third parties, the ability of AngioDynamics to effectively compete against competitors that have substantially greater resources, future actions by the FDA or other regulatory agencies, domestic and foreign health care reforms and government regulations, results of pending or future clinical trials, overall economic conditions (including inflation, tariffs, labor shortages and supply chain challenges including the cost and availability of raw materials), the results of on-going litigation, challenges with respect to third-party distributors or joint venture partners or collaborators, the results of sales efforts, the effects of product recalls and product liability claims, changes in key personnel, the ability of AngioDynamics to execute on strategic initiatives, the effects of economic, credit and capital market conditions, general market conditions, market acceptance, foreign currency exchange rate fluctuations, the effects on pricing from group purchasing organizations and competition, the ability of AngioDynamics to obtain regulatory clearances or approval of its products, or to integrate acquired businesses, as well as the risk factors listed from time to time in AngioDynamics' SEC filings, including but not limited to its Annual Report on Form 10-K for the year ended May 31, 2025. AngioDynamics does not assume any obligation to publicly update or revise any forward-looking statements for any reason.

------

#### Item 9.01 – Financial Statements and Exhibits.
(d)&nbsp;&nbsp;&nbsp;&nbsp; *Exhibits*.

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| [99.1](ef20062354_ex99-1.htm) | Press Release, dated January 6, 2026. |
| [99.2](ef20062354_ex99-2.htm) | Presentation, dated January 6, 2026. |

---

------

#### SIGNATURE
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.

ANGIODYNAMICS, INC. <br> (Registrant)

---

| | | |
|:---|:---|:---|
| Date: January 6, 2026 | By: | /s/ Lawrence T. Weiss |

---

---

| | |
|:---|:---|
| Name: | Lawrence T. Weiss |
| Title: | Senior Vice President, Chief |
|  | Legal Officer and Corporate |
|  | Secretary |

---

------

## Exhibit 99.1

------

**Exhibit 99.1**<br>

AngioDynamics Reports Fiscal Year 2026 Second Quarter Financial Results; Continued Double Digit Med Tech Growth Drives Increased Profitability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Med Tech segment delivers fifth consecutive quarter of double-digit growth,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strong adjusted EBITDA; and positive cash flow

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Three regulatory milestones support Mechanical Thrombectomy portfolio: Modified AlphaVac 510(k) clearance, PAVE and APEX-Return IDE approvals

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raised full year FY 2026 guidance for net sales and Adjusted EBITDA

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Jim Clemmer to retire during fiscal year 2027 as President and CEO upon appointment of successor; Board initiates comprehensive CEO search

LATHAM, N.Y.--(BUSINESS WIRE)— Jan. 6, 2026-- AngioDynamics, Inc. (NASDAQ: ANGO), a leading and transformative medical technology company focused on restoring healthy blood flow in the body's vascular system, expanding cancer treatment options, and improving quality of life for patients, today announced financial results for the second quarter of fiscal year 2026, which ended November 30, 2025.

#### Fiscal Year 2026 Second Quarter Highlights

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended<br> *November 30, 2025*** | **Pro Forma\* YoY Growth** |
| **Net Sales** | **$79.4 million** | **8.8%** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Med Tech Net Sales* | *$35.7 million* | *13.0%* |
| *&nbsp;&nbsp;&nbsp;&nbsp; Med Device Net Sales* | *$43.8 million* | *5.6%* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP gross margin of 56.4%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP loss per share of $0.15

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted loss per share of $0.00

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA of $5.9 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ended fiscal 2026 second quarter with $41.6 million in cash and cash equivalents, ahead of the Company's expectations, continues to expect to be cash flow positive for the full year FY 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Received FDA IDE approval for APEX-Return study evaluating AlphaReturn Blood Management System when used with AlphaVac F18<sup>85</sup> System

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Received FDA IDE approval for PAVE clinical study evaluating AngioVac System for treatment of right-sided infective endocarditis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Received FDA 510(k) clearance for modified AlphaVac F1885 System with expanded indication for use

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Successful conclusion of final outstanding item of previously settled patent litigation with Bard

*\*Pro forma results exclude the Dialysis and BioSentry businesses divested in June 2023 and the PICC, Midline and tip location product portfolios divested in February 2024, as well as the discontinued Radiofrequency and Syntrax support catheter products in February 2024.*

------

"We delivered an excellent second quarter, with continued strong Med Tech growth driving our overall performance," commented Jim Clemmer, President and Chief Executive Officer of AngioDynamics, Inc. "Across our Med Tech portfolio, we're seeing the benefits of our strategic transformation as our innovative platform technologies, from Auryon to Mechanical Thrombectomy to NanoKnife, continue taking share in large, attractive markets. The momentum across our technology platforms demonstrates the strength of our diversified Med Tech portfolio. We will continue to invest in the long-term growth of our Med Tech portfolio. During the quarter, we advanced several important initiatives, including securing FDA approval on the IDE for right-sided endocarditis and the AlphaVac line extension. In addition, we received FDA IDE approval for our AlphaVac blood return study, an important milestone as we expand our portfolio of best-in-class solutions for physicians treating acute pulmonary embolism."

Mr. Clemmer continued, "Importantly, our strong top-line growth, combined with disciplined execution of our operating initiatives, translated into another quarter of positive adjusted EBITDA and cash generation. With our differentiated technology portfolio, proven commercial execution, and strong balance sheet, we remain confident in delivering sustained, profitable growth throughout the year."

#### Fiscal Year 2026 Second Quarter Financial Results
Unless otherwise noted, all financial comparisons below are presented on a pro forma basis excluding the Dialysis and BioSentry businesses divested in June 2023, the PICC, Midline, and tip location product portfolios divested in February 2024, and the RadioFrequency and Syntrax support catheter products discontinued in February 2024.

Net sales for the second quarter of fiscal year 2026 were $79.4 million, an increase of 8.8% compared to the prior-year quarter.

Med Tech net sales were $35.7 million, a 13.0% increase from $31.6 million in the prior-year period. Med Tech includes the Auryon peripheral atherectomy platform, the thrombus management platform and the NanoKnife irreversible electroporation platform.

Growth during the quarter was driven by solid performance across the Med Tech segment. Auryon sales were $16.3 million an increase of 18.6%, our Mechanical Thrombectomy business, which includes AngioVac and AlphaVac, delivered sales of $11.0 million, an increase of 3.9%, and NanoKnife sales were $7.3 million, an increase of 22.2%, including 14.4% growth in probes.

Med Device net sales were $43.8 million, a 5.6% increase compared to $41.5 million in the prior-year period.

Gross margin for the second quarter of fiscal 2026 was 56.4%, which was 170 basis points higher compared to the second quarter of fiscal 2025, and 110 basis points higher sequentially from 55.3% in the first quarter of fiscal 2026. The year-over-year improvement was driven by continued product mix shift toward Med Tech sales, accelerated benefits from the Company's manufacturing transfer initiatives, and our transition from a direct sales model to a distributor model in France that included the sale of existing Company owned capital units to a new distributor in the quarter.

The Company recorded a GAAP net loss of $6.4 million, or a loss per share of $0.15, in the second quarter of fiscal 2026. Excluding the items shown in the non-GAAP reconciliation table below, adjusted net loss for the second quarter of fiscal 2026 was $0.1 million, or a loss per share of $0.00. This compares to an adjusted net loss during the fiscal second quarter of 2025 of $1.7 million, or a loss per share of $0.04.

------

Adjusted EBITDA in the second quarter of fiscal 2026, excluding the items shown in the non-GAAP reconciliation table below, was $5.9 million, compared to $3.1 million in the second quarter of fiscal 2025.

In the second quarter of fiscal 2026, the Company generated $4.7 million of cash, ahead of the company's expectations. The Company continues to expect to be cash flow positive for the full year fiscal 2026.

At November 30, 2025, the Company had $41.6 million in cash and cash equivalents compared to $38.8 million in cash and cash equivalents at August 31, 2025. The Company maintains a debt-free balance sheet.

#### FDA IDE Approval for APEX-Return Study
During the quarter, the Company announced that the FDA approved its IDE application for its APEX-Return study. The pivotal study will evaluate the safety and effectiveness of the AlphaReturn Blood Management System when used with the AlphaVac F18<sup>85</sup> Multipurpose Mechanical Aspiration (MMA) System in the treatment of acute pulmonary embolism (PE). The APEX-Return study will enroll up to 40 patients across multiple sites and will assess key safety and effectiveness endpoints, including device-related adverse events and procedural outcomes. The AlphaReturn Blood Management System addresses market feedback by enabling the collection, filtration and reinfusion of aspirated blood during thrombectomy procedures, which may reduce the need for blood transfusions.

#### FDA IDE Approval for PAVE Clinical Study
During the quarter, the Company announced that the FDA approved its Investigational Device Exemption (IDE) application for the PAVE clinical study. The PAVE (Percutaneous AngioVac Vegetation Extraction) pilot trial will evaluate the Company's AngioVac System for the percutaneous removal of vegetation from the right heart in patients with right-sided infective endocarditis (RSIE). The study is intended to assess whether a minimally invasive approach using the AngioVac System may provide an alternative option for this underserved patient population who have limited treatment options, particularly when surgical risk is high.

The PAVE study is a prospective, single-arm, multicenter feasibility trial that will enroll up to 30 patients with RSIE at up to six U.S. centers. In August 2023, the AngioVac System received an FDA Breakthrough Device designation for the removal of right heart vegetation.

#### FDA 510(k) Clearance for Modified AlphaVac F18<sup>85</sup> System
During the quarter, the Company received FDA 510(k) clearance for a modified AlphaVac F18<sup>85</sup> System with expanded indications for use. The clearance expands the cannula indication to allow aspiration and injection of contrast media and other fluids. The indication includes the sheath which is inserted in the vasculature, providing a conduit for the insertion of the AlphaVac Cannula/Obturator and other endovascular devices while minimizing blood loss associated with such insertions. The modified system also features new packaging consisting of a die card enclosed within a Tyvek pouch, eliminating the use of plastic thermoformed trays.

------

#### Successful Conclusion of Previously Settled Patent Litigation With C.R. Bard
Following the quarter, AngioDynamics received notice that the U.S. Court of Appeals for the Federal Circuit affirmed the district court's judgment invalidating Bard's patents related to power injectable port products. This decision concludes Bard's appeal and brings to a close litigation that AngioDynamics has successfully defended for more than a decade. The ruling confirms the district court's findings of anticipation and eliminates any obligation for AngioDynamics to make the $3 million contingent payment under the settlement agreement.

#### Fiscal Year 2026 Financial Guidance
For fiscal year 2026 the company now expects:

---

| | | | |
|:---|:---|:---|:---|
| **Guidance Metric** | **Guidance Action** | **Current Guidance**<br> ***(as of January 6, 2026)*** | **Previous Guidance**<br> ***(as of October 2, 2025)*** |
| Net Sales | Increased | $312 - $314 million | $308 - $313 million |
| Med Tech Net Sales Growth | Unchanged | 14% - 16% | 14% - 16% |
| Med Device Net Sales Growth | Increased | 0% - 1% | Flat |
| Gross Margin | Unchanged | 53.5% - 55.5% | 53.5% - 55.5% |
| Adjusted EBITDA | Increased | $8.0 - $10.0 M | $6.0 - $10.0 million |
| Adjusted EPS | Unchanged | ($0.33) – ($0.23) | ($0.33) – ($0.23) |
| Free Cash Flow | Unchanged | Positive for full year FY 2026 | Positive for full year FY 2026 |

---

#### Tariff Related Guidance Assumptions
For the full fiscal year 2026, the company continues to expect a $4.0 - $6.0 million impact from tariffs, which are included in the above provided guidance.

All assumptions made related to expected tariff impacts are based on the Company's point of view on the current tariff situation, as of January 6, 2026. As the situation is fluid, these assumptions may change in the future.

#### Leadership Update; Jim Clemmer to Retire Upon Appointment of Successor
The Company also announced that Mr. Clemmer has informed the Board of Directors of his intention to retire from the Company upon the appointment of a successor, which is anticipated to occur during fiscal 2027. The Board has established a search committee to conduct a comprehensive search, which will be assisted by a leading executive search firm, to identify the Company's next CEO. Until his successor is appointed, Mr. Clemmer will continue as President and CEO, leading and overseeing the Company's strategic and financial initiatives with a focus on revenue growth and profitability.

"Jim has spearheaded our multi-year strategic transformation that reshaped our product portfolio, captured significant opportunities in the large, global MedTech market, and delivered a substantially enhanced top-line growth profile for shareholders," said Howard Donnelly, AngioDynamics Chairman of the Board. "Jim's dedication to mentoring our people and cultivating a standard of excellence ensures we have a strong foundation to pursue growth opportunities across the MedTech market through clinical development, and new products and indications that will enable us to help treat substantially more patients. We are grateful for Jim's contributions and his commitment to a seamless transition and look forward to working together to identify our next leader who will drive continued success for our employees, customers, and shareholders."

------

"After ten years at AngioDynamics, I feel ready to move on to the next chapter of my life," said Mr. Clemmer. "Together, we have completed a meaningful strategic transformation and built a strong foundation, developed an industry-leading product portfolio, and expanded operating capabilities. These strengths position the Company well to continue serving our customers while driving profitable growth and long-term value creation. It has been an incredible honor to work alongside our extraordinary people to make differences in the lives of the many patients who have been touched by our products."

#### Conference Call
The Company's management will host a conference call at 8:00 a.m. ET the same day to discuss the results. To participate in the conference call, dial 1-877-407-0784 (domestic) or +1-201-689-8560 (international). This conference call will also be webcast and can be accessed from the "Investors" section of the AngioDynamics website at www.angiodynamics.com. The webcast replay of the call will be available at the same site approximately one hour after the end of the call.

A recording of the call will also be available, until Tuesday, January 13, 2026 at 11:59 PM ET. To hear this recording, dial 1-844-512-2921 (domestic) or +1-412-317-6671 (international) and enter the passcode 13757614.

#### Use of Non-GAAP Measures
Management uses non-GAAP measures to establish operational goals and believes that non-GAAP measures may assist investors in analyzing the underlying trends in AngioDynamics' business over time. Investors should consider these non-GAAP measures in addition to, not as a substitute for or as superior to, financial reporting measures prepared in accordance with GAAP. In this news release, AngioDynamics has reported pro forma results, adjusted EBITDA, adjusted net income and adjusted earnings per share. Management uses these measures in its internal analysis and review of operational performance. Management believes that these measures provide investors with useful information in comparing AngioDynamics' performance over different periods. By using these non-GAAP measures, management believes that investors get a better picture of the performance of AngioDynamics' underlying business. Management encourages investors to review AngioDynamics' financial results prepared in accordance with GAAP to understand AngioDynamics' performance taking into account all relevant factors, including those that may only occur from time to time but have a material impact on AngioDynamics' financial results. Please see the tables that follow for a reconciliation of non-GAAP measures to measures prepared in accordance with GAAP.

#### About AngioDynamics, Inc.
AngioDynamics is a leading and transformative medical technology company focused on restoring healthy blood flow in the body's vascular system, expanding cancer treatment options and improving quality of life for patients.

------

The Company's innovative technologies and devices are chosen by talented physicians in fast-growing healthcare markets to treat unmet patient needs. For more information, visit <u>www.angiodynamics.com</u>.

#### Safe Harbor
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include the words such as "expects," "reaffirms," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "projects," "optimistic," or variations of such words and similar expressions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Investors are cautioned that actual events or results may differ materially from AngioDynamics' expectations, expressed or implied. Factors that may affect the actual results achieved by AngioDynamics include, without limitation, the scale and scope of the COVID-19 global pandemic, the ability of AngioDynamics to develop its existing and new products, technological advances and patents attained by competitors, infringement of AngioDynamics' technology or assertions that AngioDynamics' technology infringes the technology of third parties, the ability of AngioDynamics to effectively compete against competitors that have substantially greater resources, future actions by the FDA or other regulatory agencies, domestic and foreign health care reforms and government regulations, results of pending or future clinical trials, overall economic conditions (including inflation, tariffs, labor shortages and supply chain challenges including the cost and availability of raw materials), the results of on-going litigation, challenges with respect to third-party distributors or joint venture partners or collaborators, the results of sales efforts, the effects of product recalls and product liability claims, changes in key personnel, the ability of AngioDynamics to execute on strategic initiatives, the effects of economic, credit and capital market conditions, general market conditions, market acceptance, foreign currency exchange rate fluctuations, the effects on pricing from group purchasing organizations and competition, the ability of AngioDynamics to obtain regulatory clearances or approval of its products, or to integrate acquired businesses, as well as the risk factors listed from time to time in AngioDynamics' SEC filings, including but not limited to its Annual Report on Form 10-K for the year ended May 31, 2025. AngioDynamics does not assume any obligation to publicly update or revise any forward-looking statements for any reason.

Investors:

Stephen Trowbridge

Executive Vice President & CFO

518-795-1408

strowbridge@angiodynamics.com

Media:

Saleem Cheeks

Vice President, Communications

518-795-1174

<u>scheeks@angiodynamics.com</u>

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

(in thousands, except per share data)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2024 | Pro Forma<br>Nov 30, 2024 |
|  | | | (unaudited) | |
| Net sales | $79433 | $72845 | 170 | $73015 |
| Cost of sales (exclusive of intangible amortization) | 34650 | 32939 | 151 | 33090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gross margin | 44783 | 39906 | 19 | 39925 |
| &nbsp;&nbsp;&nbsp;&nbsp; % of net sales | 56.4% | 54.8% |  | 54.7% |
| Operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development | 7768 | 6434 |  | 6434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales and marketing | 26711 | 25589 |  | 25589 |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative | 10151 | 10391 |  | 10391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization of intangibles | 2643 | 2562 |  | 2562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration |  | 156 |  | 156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acquisition, restructuring and other items, net | 3635 | 5868 | 9 | 5877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total operating expenses | 50908 | 51000 | 9 | 51009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating loss | (6125) | (11094) | 10 | (11084) |
| Interest income (expense), net | (102) | 234 |  | 234 |
| Other income (expense), net | (128) | 12 |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other income (expense), net | (230) | 246 |  | 246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss before income tax benefit | (6355) | (10848) | 10 | (10838) |
| Income tax benefit | (5) | (110) |  | (110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loss | $(6350) | $(10738) | $10 | $(10728) |
| Loss per share |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $(0.15) | $(0.26) |  | $(0.26) |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | $(0.15) | $(0.26) |  | $(0.26) |
| Weighted average shares outstanding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | 41542 | 40922 |  | 40922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | 41542 | 40922 |  | 40922 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the three months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

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ANGIODYNAMICS, INC. AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

(in thousands, except per share data)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2024 | Pro Forma<br>Nov 30, 2024 |
|  | | | (unaudited) | |
| Net sales | $155144 | $140336 | 179 | $140515 |
| Cost of sales (exclusive of intangible amortization) | 68504 | 63706 | 150 | 63856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gross margin | 86640 | 76630 | 29 | 76659 |
| &nbsp;&nbsp;&nbsp;&nbsp; % of net sales | 55.8% | 54.6% |  | 54.6% |
| Operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development | 14185 | 12719 |  | 12719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales and marketing | 54841 | 51194 |  | 51194 |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative | 22706 | 21366 |  | 21366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization of intangibles | 5296 | 5132 |  | 5132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration |  | 232 |  | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acquisition, restructuring and other items, net | 6393 | 10179 | 164 | 10343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total operating expenses | 103421 | 100822 | 164 | 100986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating loss | (16781) | (24192) | (135) | (24327) |
| Interest income (expense), net | (106) | 840 |  | 840 |
| Other expense, net | (306) | (161) |  | (161) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other income (expense), net | (412) | 679 |  | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss before income tax expense | (17193) | (23513) | (135) | (23648) |
| Income tax expense | 60 | 23 |  | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loss | $(17253) | $(23536) | $(135) | $(23671) |
| Loss per share |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $(0.42) | $(0.58) |  | $(0.58) |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | $(0.42) | $(0.58) |  | $(0.58) |
| Weighted average shares outstanding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | 41404 | 40787 |  | 40787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | 41404 | 40787 |  | 40787 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the six months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

GAAP TO NON-GAAP RECONCILIATION

(in thousands, except per share data)

Reconciliation of Net Loss to non-GAAP Adjusted Net Loss and Pro Forma Adjusted Net Loss:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma <br> Adjustments <sup>(2)</sup> | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Net loss | $(6350) | $(10738) | $10 | $(10728) |
| Amortization of intangibles | 2643 | 2562 |  | $2562 |
| Change in fair value of contingent consideration |  | 156 |  | $156 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 3635 | 5868 | 9 | $5877 |
| Tax effect of non-GAAP items <sup>(4)</sup> | 13 | 410 | (3) | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted net loss | $(59) | $(1742) | $16 | $(1726) |

---

#### <br>

#### Reconciliation of Diluted Loss and Pro Forma Diluted Loss Per Share to non-GAAP Adjusted and Pro Forma Adjusted Diluted Loss Per Share:

#### <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2024 | Pro Forma<br>Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Diluted loss per share | $(0.15) | $(0.26) | $— | $(0.26) |
| Amortization of intangibles | 0.06 | 0.06 |  | $0.06 |
| Change in fair value of contingent consideration |  | 0.01 |  | $0.01 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 0.09 | 0.14 |  | $0.14 |
| Tax effect of non-GAAP items <sup>(4)</sup> |  | 0.01 |  | $0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted loss per share | $— | $(0.04) | $— | $(0.04) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted sharecount <sup>(5)</sup> | 41542 | 40922 | 40922 | 40922 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the three months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

(3) Includes costs related to merger and acquisition activities, restructuring, and unusual items, including asset impairments and write-offs, certain litigation, and other items.

(4) Adjustment to reflect the income tax provision on a non-GAAP basis has been calculated assuming no valuation allowance on the Company's U.S. deferred tax assets and an effective tax rate of 23% for the periods ended November 30, 2025 and 2024.

(5) Diluted shares may differ for non-GAAP measures as compared to GAAP due to a GAAP loss.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### GAAP TO NON-GAAP RECONCILIATION (Continued) (in thousands, except per share data) <br>

#### Reconciliation of Net Loss and Pro Forma Net Loss to Adjusted EBITDA and Pro Forma Adjusted EBITDA:

#### <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2024 | Pro Forma<br>Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Net loss | $(6350) | $(10738) | $10 | $(10728) |
| Income tax expense | (5) | (110) |  | $(110) |
| Interest expense (income), net | 102 | (234) |  | $(234) |
| Depreciation and amortization | 5817 | 6863 |  | $6863 |
| Change in fair value of contingent consideration |  | 156 |  | $156 |
| Stock based compensation | 2891 | 2528 |  | $2528 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 3482 | 4575 | 9 | $4584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted EBITDA | $5937 | $3040 | $19 | $3059 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the three months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

(3) Includes costs related to merger and acquisition activities, restructuring, and unusual items, including asset impairments and write-offs, certain litigation, and other items.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

GAAP TO NON-GAAP RECONCILIATION

(in thousands, except per share data)

Reconciliation of Net Loss to non-GAAP Adjusted Net Loss and Pro Forma Adjusted Net Loss: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2024 | Pro Forma<br>Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Net loss | $(17253) | $(23536) | $(135) | $(23671) |
| Amortization of intangibles | 5296 | 5132 |  | 5132 |
| Change in fair value of contingent consideration |  | 232 |  | 232 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 6393 | 10179 | 164 | 10343 |
| Tax effect of non-GAAP items <sup>(4)</sup> | 1326 | 1856 | (7) | 1849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted net loss | $(4238) | $(6137) | $22 | $(6115) |

---

#### Reconciliation of Diluted Loss and Pro Forma Diluted Loss Per Share to non-GAAP Adjusted and Pro Forma Adjusted Diluted Loss Per Share:

#### <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  |<br>Nov 30, 2025 | As Reported <sup>(1)</sup><br>Nov 30, 2024 | Pro Forma <br> Adjustments <sup>(2)</sup><br>Nov 30, 2025 | Pro Forma<br>Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Diluted loss per share | $(0.42) | $(0.58) |  | (0.58) |
| Amortization of intangibles | 0.13 | 0.13 |  | 0.13 |
| Change in fair value of contingent consideration |  | 0.01 |  | 0.01 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 0.16 | 0.24 | 0.01 | 0.25 |
| Tax effect of non-GAAP items <sup>(4)</sup> | 0.03 | 0.05 | (0.01) | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted loss per share | $(0.10) | $(0.15) | $— | $(0.15) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted sharecount <sup>(5)</sup> | 41404 | 40787 | 40787 | 40787 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the six months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

(3) Includes costs related to merger and acquisition activities, restructuring, and unusual items, including asset impairments and write-offs, certain litigation, and other items.

(4) Adjustment to reflect the income tax provision on a non-GAAP basis has been calculated assuming no valuation allowance on the Company's U.S. deferred tax assets and an effective tax rate of 23% for the periods ended November 30, 2025 and 2024.

(5) Diluted shares may differ for non-GAAP measures as compared to GAAP due to a GAAP loss.

------

#### ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### GAAP TO NON-GAAP RECONCILIATION (Continued)

#### (in thousands, except per share data) <br> Reconciliation of Net Loss and Pro Forma Net Loss to Adjusted EBITDA and Pro Forma Adjusted EBITDA: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma <br> Adjustments <sup>(2)</sup> | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| Net loss | $(17253) | $(23536) | $(135) | $(23671) |
| Income tax expense | 60 | 23 |  | 23 |
| Interest expense (income), net | 106 | (840) |  | (840) |
| Depreciation and amortization | 11767 | 13648 |  | 13648 |
| Change in fair value of contingent consideration |  | 232 |  | 232 |
| Stock based compensation | 7361 | 5733 |  | 5733 |
| Acquisition, restructuring and other items, net <sup>(3)</sup> | 6056 | 7616 | 164 | 7780 |
| &nbsp;&nbsp;&nbsp; Adjusted EBITDA | $8097 | $2876 | $29 | $2905 |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the six months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

(3) Includes costs related to merger and acquisition activities, restructuring, and unusual items, including asset impairments and write-offs, certain litigation, and other items.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

ACQUISITION, RESTRUCTURING, AND OTHER ITEMS, NET DETAIL

(in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended |
| (in thousands) | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2025 | Nov 30, 2024 |
| Legal <sup>(1)</sup> | $1472 | $56 | $1685 | $410 |
| Mergers and acquisitions |  | 737 |  | 737 |
| Plant closure <sup>(2)</sup> | 2371 | 5102 | 4716 | 8691 |
| Transition service agreement <sup>(3)</sup> | (666) | (454) | (968) | (960) |
| Other | 458 | 427 | 960 | 1301 |
| &nbsp;&nbsp;&nbsp; Total | $3635 | $5868 | $6393 | $10179 |

---

(1) Legal expenses related to litigation that is outside the normal course of business.

(2) Plant closure expense, related to the restructuring of our manufacturing footprint which was announced on January 5, 2024.

(3) Transition services agreements that were entered into with Merit and Spectrum.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### NET SALES BY PRODUCT CATEGORY AND BY GEOGRAPHY

#### (in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma<br> Adjustments <sup>(2)</sup> | Pro Forma | Actual | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 | % Growth | % Growth |
|  | | | (unaudited) | | | |
| Net Sales |  |  |  |  |  |  |
| &nbsp;&nbsp; Med Tech | $35653 | $31554 | $— | $31554 | 13.0% | 13.0% |
| &nbsp;&nbsp; Med Device | 43780 | 41291 | 170 | 41461 | 6.0% | 5.6% |
|  | $79433 | $72845 | $170 | $73015 | 9.0% | 8.8% |
| Net Sales |  |  |  |  |  |  |
| &nbsp;&nbsp; United States | $67594 | $62678 | $— | $62678 | 7.8% | 7.8% |
| &nbsp;&nbsp; International | 11839 | 10167 | 170 | 10337 | 16.4% | 14.5% |
|  | $79433 | $72845 | $170 | $73015 | 9.0% | 8.8% |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the three months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

#### GROSS MARGIN BY PRODUCT CATEGORY
(in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma<br> Adjustments <sup>(2)</sup> | Pro Forma | Actual | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 | % Change | % Change |
|  | | (unaudited) | (unaudited) | (unaudited) | | |
| Med Tech | $23286 | $20113 | $— | $20113 | 15.8% | 15.8% |
| Gross margin % of sales | 65.3% | 63.7% |  | 63.7% |  |  |
| Med Device | $21497 | $19793 | $19 | $19812 | 8.6% | 8.5% |
| Gross margin % of sales | 49.1% | 47.9% |  | 47.8% |  |  |
| Total | $44783 | $39906 | $19 | $39925 | 12.2% | 12.2% |
| Gross margin % of sales | 56.4% | 54.8% |  | 54.7% |  |  |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the three months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

------

#### ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### NET SALES BY PRODUCT CATEGORY AND BY GEOGRAPHY (in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma<br> Adjustments <sup>(2)</sup> | Pro Forma | Actual | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 | % Growth | % Growth |
|  | | | (unaudited) | | | |
| Net Sales |  |  |  |  |  |  |
| &nbsp;&nbsp; Med Tech | $70914 | $59523 | $— | $59523 | 19.1% | 19.1% |
| &nbsp;&nbsp; Med Device | 84230 | 80813 | 179 | 80992 | 4.2% | 4.0% |
|  | $155144 | $140336 | $179 | $140515 | 10.6% | 10.4% |
| Net Sales |  |  |  |  |  |  |
| &nbsp;&nbsp; United States | $134050 | $122159 | $10 | $122169 | 9.7% | 9.7% |
| &nbsp;&nbsp; International | 21094 | 18177 | 169 | 18346 | 16.0% | 15.0% |
|  | $155144 | $140336 | $179 | $140515 | 10.6% | 10.4% |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the six months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

#### GROSS MARGIN BY PRODUCT CATEGORY
(in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended |
|  | | As Reported <sup>(1)</sup> | Pro Forma<br> Adjustments <sup>(2)</sup> | Pro Forma | Actual | Pro Forma |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2024 | Nov 30, 2024 | % Change | % Change |
|  | | (unaudited) | (unaudited) | (unaudited) | | |
| Med Tech | $45207 | $37810 | $— | $37810 | 19.6% | 19.6% |
| Gross margin % of sales | 63.7% | 63.5% |  | 63.5% |  |  |
| Med Device | $41433 | $38820 | $29 | $38849 | 6.7% | 6.7% |
| Gross margin % of sales | 49.2% | 48.0% |  | 48.0% |  |  |
| Total | $86640 | $76630 | $29 | $76659 | 13.1% | 13.0% |
| Gross margin % of sales | 55.8% | 54.6% |  | 54.6% |  |  |

---

(1) Reflects the Company's US GAAP consolidated financial statements before pro forma adjustments related to the sale of the Dialysis and BioSentry Businesses on June 8, 2023, the sale of the PICCs and Midlines Businesses on February 15, 2024 and the discontinuation of the RadioFrequency Ablation and Syntrax products ("the Businesses") as of February 29, 2024, for the six months ended November 30, 2024.

(2) Reflects the elimination of revenues and expenses representing the operating results from the sales and discontinuation of the Businesses.

------

ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### CONSOLIDATED BALANCE SHEETS

#### (in thousands)

---

| | | |
|:---|:---|:---|
|  | Nov 30, 2025 | May 31, 2025 |
|  | (unaudited) | (audited) |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp; Cash and cash equivalents | $41638 | $55893 |
| &nbsp;&nbsp;&nbsp; Accounts receivable, net | 44434 | 42890 |
| &nbsp;&nbsp;&nbsp; Inventories | 65569 | 62006 |
| &nbsp;&nbsp;&nbsp; Prepaid expenses and other | 9708 | 7535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 161349 | 168324 |
| Property, plant and equipment, net | 30527 | 32300 |
| Other assets | 11073 | 10404 |
| Intangible assets, net | 66732 | 69116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $269681 | $280144 |
| **Liabilities and stockholders' equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp; Accounts payable | $35390 | $33291 |
| &nbsp;&nbsp;&nbsp; Accrued liabilities | 29853 | 35518 |
| &nbsp;&nbsp;&nbsp; Other current liabilities | 6720 | 7388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 71963 | 76197 |
| Deferred income taxes | 4331 | 4073 |
| Other long-term liabilities | 17054 | 16904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 93348 | 97174 |
| Stockholders' equity | 176333 | 182970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities and Stockholders' Equity | $269681 | $280144 |

---

------

#### ANGIODYNAMICS, INC. AND SUBSIDIARIES

#### CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended |
|  | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2025 | Nov 30, 2024 |
|  | (unaudited) | (unaudited) | (unaudited) | (unaudited) |
| **Cash flows from operating activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net loss | $(6350) | $(10738) | $(17253) | $(23536) |
| &nbsp;&nbsp;&nbsp; Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 5817 | 6863 | 11767 | 13648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash lease expense | 405 | 499 | 850 | 993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash interest expense | 75 |  | 145 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock based compensation | 2891 | 2528 | 7361 | 5733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration |  | 156 |  | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes | (48) | (249) | (64) | (588) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in accounts receivable allowances | (235) | 118 | (127) | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed and intangible asset disposals | 307 | 39 | 280 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 238 | (2) | 502 | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable | (1568) | (3734) | (1429) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | (3281) | (1250) | (3473) | (5303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other | 3230 | 764 | (2295) | (72) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable, accrued and other liabilities | 3180 | 7479 | (7517) | (7503) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by (used in) operating activities** | 4661 | 2473 | (11253) | (15780) |
| **Cash flows from investing activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to property, plant and equipment | (422) | (797) | (1153) | (1889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to placement and evaluation units | (1199) | (1164) | (2019) | (2477) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in investing activities** | (1621) | (1961) | (3172) | (4366) |
| **Cash flows from financing activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal payments on finance arrangements | (92) |  | (183) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of common stock |  | (1118) |  | (1670) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from exercise of stock options and employee stock purchase plan |  | (5) | 234 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by (used in) financing activities** | (92) | (1123) | 51 | (1632) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash and cash equivalents | (72) | (305) | 119 | (189) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (decrease) in cash and cash equivalents** | 2876 | (916) | (14255) | (21967) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents at beginning of period | 38762 | 55005 | 55893 | 76056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash and cash equivalents at end of period** | $41638 | $54089 | $41638 | $54089 |

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## Exhibit 99.2

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**Exhibit 99.2**<br>

![](ef20062354_ex99-2slide1.jpg)

Second Quarter FY 2026Earnings Results January 6, 2026

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![](ef20062354_ex99-2slide2.jpg)

Forward looking statements 2 Notice Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include the words such as "expects," "reaffirms," "intends," "anticipates," "plans," "projects," "believes," "seeks," "estimates," "optimistic," or variations of such words and similar expressions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Investors are cautioned that actual events or results may differ materially from AngioDynamics' expectations, expressed or implied. Factors that may affect the actual results achieved by AngioDynamics include, without limitation, the scale and scope of the COVID-19 global pandemic, the ability of AngioDynamics to develop its existing and new products, technological advances and patents attained by competitors, infringement of AngioDynamics' technology or assertions that AngioDynamics' technology infringes the technology of third parties, the ability of AngioDynamics to effectively compete against competitors that have substantially greater resources, future actions by the FDA or other regulatory agencies, domestic and foreign health care reforms and government regulations, results of pending or future clinical trials, overall economic conditions (including inflation, tariffs, labor shortages and supply chain challenges including the cost and availability of raw materials), the results of on-going litigation, challenges with respect to third-party distributors or joint venture partners or collaborators, the results of sales efforts, the effects of product recalls and product liability claims, changes in key personnel, the ability of AngioDynamics to execute on strategic initiatives, the effects of economic, credit and capital market conditions, general market conditions, market acceptance, foreign currency exchange rate fluctuations, the effects on pricing from group purchasing organizations and competition, the ability of AngioDynamics to obtain regulatory clearances or approval of its products, or to integrate acquired businesses, as well as the risk factors listed from time to time in AngioDynamics' SEC filings, including but not limited to its Annual Report on Form 10-K for the year ended May 31, 2025. AngioDynamics does not assume any obligation to publicly update or revise any forward-looking statements for any reason. Notice Regarding Non-GAAP Financial Measures Management uses non-GAAP measures to establish operational goals and believes that non-GAAP measures may assist investors in analyzing the underlying trends in AngioDynamics' business over time. Investors should consider these non-GAAP measures in addition to, not as a substitute for or as superior to, financial reporting measures prepared in accordance with GAAP. In this presentation, AngioDynamics has reported pro forma results, adjusted EBITDA (income before interest, taxes, depreciation and amortization and stock-based compensation); adjusted net income and adjusted earnings per share. Management uses these measures in its internal analysis and review of operational performance. Management believes that these measures provide investors with useful information in comparing AngioDynamics' performance over different periods. By using these non-GAAP measures, management believes that investors get a better picture of the performance of AngioDynamics' underlying business. Management encourages investors to review AngioDynamics' financial results prepared in accordance with GAAP to understand AngioDynamics' performance taking into account all relevant factors, including those that may only occur from time to time but have a material impact on AngioDynamics' financial results. Please see the tables that follow for a reconciliation of non-GAAP measures to measures prepared in accordance with GAAP.

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![](ef20062354_ex99-2slide3.jpg)

3 Q2 FY 2026 Key Takeaways Continued commercial and operational execution positions AngioDynamics to drive accelerated, profitable growth moving forward. Continued Commercial Execution – Q2 FY 2026 Total +8.8% YoY Revenue Growth\* Med Tech +13.0% Med Device +5.6% Auryon +18.6% Med Tech YoY Revenue Growth\* Mech Thrombectomy +3.9% NanoKnife Probes +14.4% Focus on Profitability Balance Sheet Strength Ended quarter with $41.6M in Cash Currently have zero debt with flexibility of revolving line of credit Generated ~$4.7M of cash in the quarter, ahead of prior guidance Pro forma Adjusted EBITDA of $5.9M, an improvement of $2.9M from Q2 FY 2025 Continued Execution Net sales of $79.4M, +8.8% YoY growth Med Tech segment sales of $35.7M, +13.0% YoY growth Med Device segment sales of $43.8M, +5.6% YoY growth \*All growth rates are pro forma

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![](ef20062354_ex99-2slide4.jpg)

4 Demonstrated Med Tech Growth Execution 4 Med Tech ~22% of Total Med Tech ~47% of Total +14% - 16% \*Guidance issued in conjunction with fiscal Q2 2026 earnings call on Jan 6, 2026 Med Tech 5yr CAGR: +25%

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![](ef20062354_ex99-2slide5.jpg)

5 Q2 FY 2026 Financial Snapshot +5.6% Pro Forma Growth +13.0% Pro Forma Growth Segment Revenue Contribution Segment Gross Margin 49.1% 65.3% Med Device Med Tech

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![](ef20062354_ex99-2slide6.jpg)

6 Med Tech - Auryon Combination of Auryon's best-in-class technology and our commercial strategy have positioned Auryon as a consistently high-growth platform being supported by continued investment in use cases Period Sales YoY Growth Q2 FY 2026 $16.3M 18.6% Continued penetration into hospital setting provides higher ASPs and improving margins Ongoing contribution from International following CE Mark in Sept 2024 AMBITION BTK RCT and Registry ongoing

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![](ef20062354_ex99-2slide7.jpg)

7 Med Tech – Thrombus Management Combination of AngioVac and AlphaVac represent a strong, highly competitive mechanical thrombectomy portfolio which continues to take market share driven by expanded joint commercial strategy AngioVac FDA IDE approval obtained for PAVE clinical study in right-sided infective endocarditis (RSIE) AlphaVac ~40% YoY growth in Q2 driven by growth in PE FDA 510(k) clearance secured for modified AlphaVac F1885 System FDA IDE approval granted for APEX-Return study of AlphaReturn Blood Management System Q2 FY 2026 Sales YoY Growth AngioVac $7.5M (7.5%) AlphaVac $3.5M 40.2% Total Mech Thromb. $11.0M 3.9% Unifuse $1.1M (15.2)% Total Thrombus Mgmt. $12.1M 1.8%

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![](ef20062354_ex99-2slide8.jpg)

8 Med Tech - NanoKnife Adoption has continued to accelerate within Prostate as this novel therapy gains traction following receipt of FDA clearance in Dec 2024 Continued demand for NanoKnife for prostate driving increased utilization Prostate Tissue CPT Category 1 Code, effective Jan. 1, 2026, which is expected to streamline reimbursement for healthcare providers performing irreversible electroporation (IRE) ablation procedures Q2 FY 2026 Sales YoY Growth Disposables $5.7M 14.4% Capital $1.6M 61.1% Total $7.3M 22.2%

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![](ef20062354_ex99-2slide9.jpg)

9 Compelling FY 2026 Financial Outlooksupported by balance sheet strength \*Guidance was issued in conjunction with fiscal Q2 FY 2026 earnings call on Jan 6, 2026 +14 - 16% Med Tech Metric Action Prior Guidance Current Guidance Net Sales Increased $308 - $313M $312 - $314M Med Tech Net Sales Growth Unchanged +14 – 16% +14 – 16% Med Device Net Sales Growth Increased Flat +0 – 1% Gross Margin Unchanged 53.5 – 55.5% 53.5 – 55.5% Adjusted EBITDA Increased +$6.0 - $10.0M +$8.0 - $10.0M Adjusted EPS Unchanged ($0.33) – ($0.23) ($0.33) – ($0.23) Free Cash Flow Unchanged Positive for Full Year Positive for Full Year +0 - 1% Med Device Balance Sheet Strength Supports Long Term Strategy FY 2026 Financial Guidance\* $41.6M in Cash at Nov 30, 2025 Zero debt on balance sheet with flexibility from revolving line of credit

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![](ef20062354_ex99-2slide10.jpg)

10 Leadership Update Jim Clemmer to retire upon appointment of successor in fiscal 2027 On January 6, 2026, the Company announced that AngioDynamics' President and CEO, Jim Clemmer, intends to retire from the Company during fiscal 2027 upon the appointment of a successor. The Company's Board has established a CEO search committee to conduct a comprehensive search to identify the Company's next CEO. Mr. Clemmer will continue as President and CEO until his successor is appointed. "Jim has spearheaded our multi-year strategic transformation that reshaped our product portfolio, captured significant opportunities in the large, global MedTech market, and delivered a substantially enhanced top-line growth profile for shareholders," said Howard Donnelly, AngioDynamics Chairman of the Board. "Jim's dedication to mentoring our people and cultivating a standard of excellence ensures we have a strong foundation to pursue growth opportunities across the MedTech market through clinical development, and new products and indications that will enable us to help treat substantially more patients. We are grateful for Jim's contributions and his commitment to a seamless transition and look forward to working together to identify our next leader who will drive continued success for our employees, customers, and shareholders."

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![](ef20062354_ex99-2slide11.jpg)

11 Appendix

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![](ef20062354_ex99-2slide12.jpg)

12 Reconciliation of GAAP to Non-GAAP Pro Forma Results for the Consolidated Income Statements (in thousand, except per share data)

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![](ef20062354_ex99-2slide13.jpg)

13 Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Loss and EPS and Pro Forma Adjusted Net Loss and EPS (in thousands, except per share data) Reconciliation of Net Loss to Adjusted EBITDA and Pro Forma Adjusted EBITDA (in thousands, except per share data)

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![](ef20062354_ex99-2slide14.jpg)

14 Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Loss and EPS and Pro Forma Adjusted Net Loss and EPS (in thousands, except per share data) Reconciliation of Net Loss to Adjusted EBITDA and Pro Forma Adjusted EBITDA (in thousands, except per share data)

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![](ef20062354_ex99-2slide15.jpg)

15 Detail of "Acquisition, Restructuring and Other Items, net"

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![](ef20062354_ex99-2slide16.jpg)

16 Reconciliation of GAAP to Non-GAAP Pro Forma Results for Sales and Gross Margin by Product Category (in thousands)

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