Four things to know:
1. Second quarter revenue was $20.6 million, a 4.2 percent dip year-over-year. The fall was related to hospital and ASC staff shortages, procedure delays and supply chain issues.
2. Six-month revenue also fell. Total revenue for the first half of 2022 was $41.2 million, a 14.3 percent decrease from the same time last year. Similar factors such as staffing strains and fewer procedures led to the lower revenue.
3. Highlights of the second quarter include the first procedures with the Holo Portal guidance system, a strategic partnership with Pria Healthcare and the launch of the CervAlign anterior cervical plate system.
4. The company saw an operating loss of $13.4 million in the second quarter and a total loss of $22.3 million in the first half of 2022.
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.