SeaSpine Holdings posts $36.2M in Q1 revenues — 5 insights

Written by Eric Oliver | May 02, 2019 | Print  |

SeaSpine Holdings Corp. posted first quarter 2019 revenues of $36.2 million, a 9 percent year-over-year increase.

Here's what you should know:

1. SeaSpine's U.S. revenues increased 8 percent year over year to $32 million.

2. The company's U.S. orthobiologics division increased revenues 8 percent to $17 million, with the spinal implant division posting $14.9 million in revenues, a 9 percent year-over-year increase.

3. The recently launched Shoreline and Mariner systems and the company's expanded NanoMetalene portfolio contributed to the spinal implant division's growth.

4.The company posted net losses of $9 million for the quarter, up from $7.1 million last year.

5. SeaSpine's full-year outlook increased to $154 million to $156 million.

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