SeaSpine's FY 2016 revenue likely to hit $129M —7 highlights

Spinal Tech

Carlsbad, Calif.-based SeaSpine reported preliminary financial results for the fourth quarter as well as the full year of 2016.

Here are seven highlights:


1. The company anticipated preliminary and unaudited revenue to hit between $32.5 million and $32.7 million for Q4 2016. This range reflects about a 6 percent decrease compared to Q4 2015.


2. SeaSpine expects spinal hardware revenue to account for about $15.9 million and orthobiologics revenue to hit $16.7 million.


3. Total U.S. revenue likely decreased about 4 percent to $29.9 million in Q4 2016, compared to Q4 2015.


4. For FY 2016, SeaSpine expects preliminary and unaudited revenue to reach between $128.8 million and $129 million.


5. The company's cash and cash equivalents at Dec. 31, 2016, will likely reach $14.6 million.


6. Outstanding borrowings under the credit facility will be about $3.8 million.


7. SeaSpine will release full-year 2017 revenue guidance in March 2017.



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