The company lost $4.9 million during the same time period in 2011 and $29.9 million by the year’s end. Its 2011 losses totaled only $18.2 million.
TranS1’s total operating expenses were up nearly 85 percent from the fourth quarter 2011, from $7.9 million to $14.5 million. Included in operating expenses was a $6.6 million charge related to a U.S. government settlement. TranS1 paid a total of $32.9 million toward the settlement in 2011 and $40 million in 2012.
In a move to expand its focus on minimally invasive lumber spine treatments, TranS1 recently acquired Baxano, a manufacturer of spinal decompression devices.
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