SpineGuard reports €1.7M Q3 2016 revenue — 6 notes

Written by Megan Wood | October 12, 2016 | Print  |

SpineGuard reported its third quarter revenue as well as nine-month growth in 2016.

Here are six notes:

 

1. SpineGuard reported third quarter revenue of €1.7 million, representing a 2 percent increase compared to the third quarter in 2015.

 

2. The company's U.S. revenue decreased by 3 percent, and the rest of the world revenue increased by 29 percent in the third quarter.

 

3. For the first nine months of 2016, SpineGuard reported revenue of €5.31 million, reflecting a 15 percent increase compared to the same time period in 2015.

 

4. The U.S. revenue growth for the first nine months of the year was 15 percent.

 

5. SpineGuard sold 6,324 PediGuard units in the first nine months of 2016, up from 5,580 units in the same time period in 2015.

 

6. The company sold 3,581 units in the United States in the first nine months of 2016, accounting for 57 percent of total units sold.

 

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