LDR Holdings Reports $8M Q3 Net Loss

Written by Heather Linder | November 07, 2013 | Print  |

Austin, Texas-based LDR Holding reported a third quarter net loss of nearly $8 million, an increase of 161 percent from 2012's net loss of $3 million.The company's quarterly gross profits were $23.1 million, up 33 percent from last year.  Operating costs also increased by 32 percent to $24 million over the past three months.

The company also attributes the loss in part to $4.7 million in noncash expenses for the revaluation of warrants leading up to the IPO.

LDR's primary products are non-fusion devices for cervical and lumbar spine. In September, the company announced its proposal and plans for an IPO.

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