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.

More articles on devices: 
Healthcare experts discuss investor interest in orthopedics — 5 key points
University of Maryland children's medical device competition reveals 5 winners
RTI Surgical reports $9.1M net loss in Q1: 5 details

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies here.

Featured Webinars

Featured Whitepapers