NuVasive Reports 2Q Revenue at $133M, 11.2% Increase

NuVasive, a minimally invasive spine surgery products manufacturer, reported second quarter revenue of $133 million, representing an 11.2 percent increase over the second quarter of 2010, according to a company news release.

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The total operating expenses increased during the second quarter to $96 million, which can be attributed to additional costs associated with higher revenue and infrastructure expansion. The company attributes its success to the product line for the lateral lumbar interobody fusion approach, MaXcess split blade retractor system and other products associated with the Maximum Access Surgery platform.

Despite the rise in revenue, there was a slight decline in net income attributable to NuVasive, from $6.7 million during the second quarter of 2010 to $5.3 million in 2011.

Read the release about the financial report for NuVasive.

Related Articles on Orthopedic Device Companies:

MiMedx Reports $1.9M 2Q Revenue, 6-Fold Increase

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Biomet Reports $715.2M in 4Q Net Sales, 2% Increase

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