Implanet revenues grow 5 percent in 2019 — 4 insights

Written by Eric Oliver | July 11, 2019 | Print  |

Implanet posted first half 2019 revenues of 3.82 million euros — about $4.3 million — a 5 percent increase from the same period in 2018.

What you should know:

1. Quarterly revenue, too, increased from 1.77 million euros in the first quarter of 2018 to 1.92 million euros in 2019.

2. In the first half of 2019, sales of the company's Jazz spinal implant system led first-half growth, contributing 2.38 million euros in revenue.

3. U.S. Jazz sales grew 11 percent in 2019, reaching 1.21 million euros.

4. Implanet also announced the completion of the first Jazz Cap surgery in the U.S.

"The positive trend of the first quarter was confirmed with an 8 percent revenue increase this quarter," said Ludovic Lastennet, Implanet CEO. "Our teams' absolute focus on strategic business development priorities and tight management of our finances are starting to deliver."

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