Here are five key notes on the financial report:
1. The company’s expected revenue for the quarter reached $39.3 million. The revenue from exclusive technology products hit $36.7 million, a 14.5 percent increase over the same period last year.
2. United States revenue jumped 15 percent over the third quarter of 2014 to $32.2 million. The United States market represented 82.2 percent of total company revenue. International revenue was down 10.3 percent to $7 million.
3. The exclusive cervical products revenue is expected to hit $27.5 million, a 21 percent increase over the same period last year. The Mobi-C Cervical Disc sales growth is driving revenue growth in this line.
4. LDR’s exclusive lumbar products dropped 1.5 percent to $9.2 million in the third quarter.
5. LDR reaffirmed expected revenue growth for the full year up 19 percent to 20 percent. This year is the first year the Mobi-C Cervical Disc’s first full year of the commercial launch in the United States.
More articles on orthopedic devices:
Vertebral Technologies’ interbody device used in 1st surgery in Taiwan
8 recent orthopedic device company mergers, acquisitions & partnerships
LifeSpine releases SImpact Sacroiliac Joint Fixation System for limited time
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.