Amedica reports preliminary $5.8M in revenue for first half of 2017 — 10 highlights

Spinal Tech

Amedica reported its first and second quarter preliminary earnings, ending March 31 and June 30, respectively, as well as a commercialization update.

The company reported the following first quarter 2017 preliminary unaudited earnings.

1. Amedica reported revenue of $2.6 million, compared to $4.2 million in the first quarter of 2016.

 

2. The GAAP net loss was $0.07 per share, compared to $0.30 per share in the same period the year prior.

 

3. Amedica's cash and cash equivalents came in at $6.9 million, down $1 million for the first quarter of 2016.

 

Amedica reported the following second quarter 2017 preliminary unaudited earnings.

4. For the second quarter, Amedica saw $3.2 million in earnings, down from $4 million in the second quarter of 2016.

 

5. The GAAP net loss was $0.05 per share, compared to $0.40 per share in the same period the year prior.

 

6. As of June 30, Amedica's cash and cash equivalents were $3.5 million.

 

The company reported the following first half of 2017 preliminary unaudited earnings.

7. For the first six months of 2017, Amedica saw revenue of $5.8 million.

 

8. The GAAP net loss was $0.12 per share, compared to $0.71 per share in the same period the year prior.

 

Commercialization update

9. Additionally, Amedica has seen a 38 percent boost in surgeon users of its Taurus Pedicle Screw System since the end of 2016.

 

10. The company saw a 14 percent increase in sales agents representing their products compared to the end of 2016.

 

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