The company reported selling 11 of its RIO systems and 1,813 MAKOplasty procedures performed during this past quarter. The company also launched its total hip arthroplasty application during the third quarter and has sold 12 applications since then.
The total gross profit for the third quarter was $13.2 million, considerably higher than the $7.5 million reported for the third quarter of 2010. Operating expenses did increase by more than $6 million due to increased sales and marketing efforts, more research and development activities and additional administrative costs to build infrastructure that will support continued growth.
Related Articles on Orthopedic Device Companies:
Tornier’s 3Q 16% Sales Growth Driven by Global Extremities Sales
30 New Spine Device Launches and Releases
European Small Joint Implant Market to Reach $250M by 2016, Driven by Shoulder Implants
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.