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Medicrea posted 1Q19 revenue of €7.7MM (USD $9.5MM), +10.6% vs. 1Q18. U.S. sales, which represent just over half of the company’s revenue, grew 15% quarter over quarter. The number of UNiD patient-specific surgeries in the U.S. grew 68% in that same time frame.
In 2018, Medicrea discontinued two “non-strategic” products (mainly biologics) and services (surgical motor repairs) that had been generating well below the company’s 80% gross margin target. Those products and services contributed €1.2MM in revenue for 1Q18. We have removed this revenue from our performance comparison below.
UNiD surgeries continue to gain traction in the U.S., where 60% of all 3,500 UNiD surgeries to date have taken place. Within the past 12 months, 40 new surgeons have adopted UNiD ASI technology. Medicrea President and CEO Denys Sournac said, “The relevance of personalized treatment adapted to each patient is now obvious to all players in our sector. Medicrea was the pioneer and the first spine company to develop patient-specific implants and offer surgeons associated data analysis services to support their practice.”
ORTHOWORLD estimates segment sales and growth on an as-reported basis as follows.
| 1Q19 | 1Q18 | % Chg | % Chg | |
| Spine | $8.1 | $7.3 | $0.8 | 11.0% |
| Orthobiologics | $1.4 | $1.3 | $0.1 | 8.4% |
| Total | $9.5 | $8.6 | $0.9 | 10.6% |
Sales by geographic region:
| Geographic Region | 1Q19 | 1Q18 | % Chg | % Chg |
| US | $5.1 | $4.4 | $0.7 | 15.0% |
| Ex-US | $4.4 | $4.2 | $0.2 | 5.9% |
| Total | $9.5 | $8.6 | $0.9 | 10.6% |
Sources: Medicrea; ORTHOWORLD estimates.
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
Medicrea posted 1Q19 revenue of €7.7MM (USD $9.5MM), +10.6% vs. 1Q18. U.S. sales, which represent just over half of the company’s revenue, grew 15% quarter over quarter. The number of UNiD patient-specific surgeries in the U.S. grew 68% in that same time frame.
In 2018, Medicrea discontinued two “non-strategic” products (mainly biologics)...
Medicrea posted 1Q19 revenue of €7.7MM (USD $9.5MM), +10.6% vs. 1Q18. U.S. sales, which represent just over half of the company’s revenue, grew 15% quarter over quarter. The number of UNiD patient-specific surgeries in the U.S. grew 68% in that same time frame.
In 2018, Medicrea discontinued two “non-strategic” products (mainly biologics) and services (surgical motor repairs) that had been generating well below the company’s 80% gross margin target. Those products and services contributed €1.2MM in revenue for 1Q18. We have removed this revenue from our performance comparison below.
UNiD surgeries continue to gain traction in the U.S., where 60% of all 3,500 UNiD surgeries to date have taken place. Within the past 12 months, 40 new surgeons have adopted UNiD ASI technology. Medicrea President and CEO Denys Sournac said, “The relevance of personalized treatment adapted to each patient is now obvious to all players in our sector. Medicrea was the pioneer and the first spine company to develop patient-specific implants and offer surgeons associated data analysis services to support their practice.”
ORTHOWORLD estimates segment sales and growth on an as-reported basis as follows.
| 1Q19 | 1Q18 | % Chg | % Chg | |
| Spine | $8.1 | $7.3 | $0.8 | 11.0% |
| Orthobiologics | $1.4 | $1.3 | $0.1 | 8.4% |
| Total | $9.5 | $8.6 | $0.9 | 10.6% |
Sales by geographic region:
| Geographic Region | 1Q19 | 1Q18 | % Chg | % Chg |
| US | $5.1 | $4.4 | $0.7 | 15.0% |
| Ex-US | $4.4 | $4.2 | $0.2 | 5.9% |
| Total | $9.5 | $8.6 | $0.9 | 10.6% |
Sources: Medicrea; ORTHOWORLD estimates.
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
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Mike Evers is a Senior Market Analyst and writer with over 15 years of experience in the medical industry, spanning cardiac rhythm management, ER coding and billing, and orthopedics. He joined ORTHOWORLD in 2018, where he provides market analysis and editorial coverage.
