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Cardiovascular Systems Inc (CSII) Q3 2019 Earnings Call Transcript
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Logo of jester cap with thought bubble.

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Cardiovascular Systems Inc (NASDAQ: CSII)
Q3 2019 Earnings Call
May. 01, 2019, 4:30 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is Emily, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cardiovascular Systems Fiscal Year 2019 Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

Jack Nielsen, Vice President, Investor Relations and Corporate Communications. You may begin your conference.

Jack Nielsen -- Vice President, Investor Relations & Corporate Communications

Thank you, Emily. Good afternoon, and welcome to our fiscal 2019 third quarter conference call. With me today are Scott Ward, CSI's Chairman, President and Chief Executive Officer; Rhonda Robb; Chief Operating Officer; Jeff Points, Chief Financial Officer; and Dr. Ryan Egeland, Vice President of Medical Affairs.

During this call, we will make forward-looking statements. These forward-looking statements are covered under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and include statements regarding CSI's future financial and operating results or other statements that are not historical facts. Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties, including those described in our most recent Form 10-K and subsequent quarterly reports on Form 10-Q. CSI disclaims any duty to update or revise our forward-looking statements as a result of new information, future events, developments or otherwise.

We will also refer to non-GAAP measures because we believe they provide useful information for our investors. Today's news release contains a reconciliation table to GAAP results.

I will now turn this call over to Scott Ward.

Scott R. Ward -- Chief Executive Officer

Thank you, Jack. Good afternoon, everyone, and thank you for joining us today.

CSI continues to perform exceptionally well. Our third quarter was characterized by strong consistent growth in our domestic core atherectomy businesses, robust expansion in international markets and a disciplined execution of our key financial objectives.

I'm pleased to report that CSI achieved double-digit growth for the fourth consecutive quarter with revenue of $63.3 million, representing nearly a 14% increase compared to last year. Revenue growth was driven primarily by ongoing strength in our domestic atherectomy businesses, where we continue to gain market share and achieve double digit unit growth in both our peripheral and coronary franchises. Notably, revenue in our domestic coronary atherectomy business increased by 18%, powered by new product launches and exceptional customer support from our sales and clinical specialists teams.