Aurora Spine achieves record-high Q2 revenue: 3 details

Aurora Spine released its second quarter 2018 financial results.

Advertisement

Here are three things to know:

1. The company achieved its highest quarterly revenue, generating more than $2 million in second quarter, a 39 percent increase year-over-year.

2. Aurora Spine’s gross profit for the second quarter was more than $1.1 million. Gross margin as a percentage of sales rose to 56.2 percent compared to 50.6 percent in the same quarter last year.

3. Total operating expense for the quarter was $1.1 million or 54.6 percent of revenue. The expense margin was 82.3 percent from second quarter of 2017.

More articles on devices:
Wright Medical to buy orthopedic manufacturer for $435M: 5 notes
OrthoSensor raises $2.5M: 3 notes
FDA issues warning letter to Zimmer Biomet on Warsaw North Campus violations: 6 things to know

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.