ConforMIS Q2 revenues surge 3% to $19.1M: 5 highlights

Written by Mackenzie Garrity | August 03, 2018 | Print  |

ConforMIS released its 2018 second quarter financial results.

Here are five highlights:

1. The company's second quarter revenues jumped 3 percent year-over-year to reach $19.1 million.

2. Product revenue was $18.9 million, a 5 percent increase year-over-year. Specifically, in the U.S., product revenue spiked 7 percent year-over-year to $16.4 million.

3. ConforMIS reported a $14.1 million net loss for the quarter, or $0.24 per basic share. This is up from the $12.1 million net loss in the same quarter the year prior.

4. The company's total gross profit increased to $9.1 million compared to $6.2 million in the second quarter of 2017.

5. As of June 30, ConforMIS's cash and cash equivalents as well as investments totaled $46.6 million.

To view the full financial report, click here.

More articles on devices and implants:
Globus Medical sales spike 13.8% to $173.4M in Q2: 5 key points
RTI Surgical Q2 revenue shrinks to $70.7M: 5 details
ConforMIS names Carrie Bienkowski to board of directors: 3 notes

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