SI-Bone saw worldwide and U.S. revenue grow in the second quarter, according to financial results posted Aug. 4.
Five things to know:
1. Total revenue in the second quarter reached $48.6 million, an increase of 21.7% year over year.
2. U.S. revenue grew $46.4 million, an increase of 22.8% year over year.
3. SI-Bone saw a quarterly net loss of $6.2 million.
4. The company has 1,440 active U.S. physicians. That’s an increase of 25% year over year.
5. “Our strong second-quarter performance highlights how our innovation-driven strategy continues to fuel robust engagement across our rapidly expanding physician base,” CEO Laura Francis, said in a news release. “We delivered double-digit procedure volume growth across all our U.S. target markets, propelled by accelerating adoption of our latest product launches and sustained demand for our proven solutions. Beyond top-line momentum, our consistent delivery of positive Adjusted EBITDA and achievement of cash flow breakeven this quarter underscore the power of our asset-light model and disciplined execution.”
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