The company reported $114.7 million in gross profit and cash and cash equivalents at $363.6 million. The total operating expenses for the first quarter was $107.5 million, which was higher than last year as a result of additional costs associated with higher revenue and infrastructure expansion.
Net income for the company was reported at $673,000 on a GAAP basis.
More Articles on Spine Devices:
15 Spine Device Company Leadership Moves
CEO of Spine Network of California Faces Fraud Charges
Misonix Signs Agreement With Neuro Dynamics for Panama Distribution
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
