SeaSpine records $36.4M in Q2 revenue: 5 details

Written by Mackenzie Garrity | September 17, 2018 | Print  |

SeaSpine released its 2018 second quarter financial results.

Here are five details:

1. The company's second quarter revenue topped $36.4 million, a 6.5 percent increase year-over-year.

2. In the U.S., SeaSpine recorded $32.6 million in revenue, a 7.5 percent increase year-over-year.

3. SeaSpine's spine implants segment generated $17.8 million in revenue, a 7.2 percent increase year -over-year. The company attributed the growth to the launch of its Shoreline and Mariner systems.

4. The company's orthobiologics segment increased 5.8 percent year-over-year, recording $18.6 million in revenue.

5. SeaSpine expects full-year revenue to be between $136 million and $139 million, a 3.2 percent to 5.5 percent increase year-over-year.

To view the full financial report, click here.

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