SI-Bone revenue grows 19% in Q3: 5 notes

SI-Bone, a spine medtech company focused on sacropelvic disorders, saw an increase in its third quarter revenue, according to financial results posted Nov. 13.

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Five notes:

1. Worldwide revenue was $40.3 million in the third quarter, a 19% increase year over year. 

2. U.S. revenue was $38.3 million, an 18% increase year over year.

3. The company saw a net loss of $6.6 million.

4. There are more than 1,200 physicians in the U.S. using SI-Bone’s products in the third quarter, a 15% increase year over year.

5. SI-Bone also refinanced a $36 million term loan, lowered all-in borrowing costs and extended maturity to 2029.

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