Aurora Spine reports 1Q19 revenue of USD $2.7MM, +81.2% vs. 1Q18.
- Highest quarterly revenue in company history
- Granted patent on “Expandable Interspinous Device” relating to minimally invasive implants
- Completing development of posterior SI joint products and the ZIP-Flex interlaminar fixation device
ORTHOWORLD estimates segment sales and growth on an as-reported basis as follows ($MM).
1Q19 | 1Q18 | $ Chg | % Chg | |
Spine | $2.6 | $1.4 | $1.2 | 82.5% |
Orthobiologics | $0.2 | $0.1 | $0.1 | 66.4% |
Total | $2.7 | $1.5 | $1.2 | 81.5% |
Net earnings are as follows ($MM).
1Q19 | Amount | % of Sales |
Sales | $2.7 | |
Cost of Sales | -$1.6 | 57.3% |
Operating Expenses | -$1.4 | 50.2% |
Net Earnings | -$0.2 | -7.5% |
Source: Aurora Spine Corporation; ORTHOWORLD estimates
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
Aurora Spine reports 1Q19 revenue of USD $2.7MM, +81.2% vs. 1Q18.
Highest quarterly revenue in company history
Granted patent on “Expandable Interspinous Device” relating to minimally invasive implants
Completing development of posterior SI joint products and the ZIP-Flex interlaminar fixation device
...
Aurora Spine reports 1Q19 revenue of USD $2.7MM, +81.2% vs. 1Q18.
- Highest quarterly revenue in company history
- Granted patent on “Expandable Interspinous Device” relating to minimally invasive implants
- Completing development of posterior SI joint products and the ZIP-Flex interlaminar fixation device
ORTHOWORLD estimates segment sales and growth on an as-reported basis as follows ($MM).
1Q19 | 1Q18 | $ Chg | % Chg | |
Spine | $2.6 | $1.4 | $1.2 | 82.5% |
Orthobiologics | $0.2 | $0.1 | $0.1 | 66.4% |
Total | $2.7 | $1.5 | $1.2 | 81.5% |
Net earnings are as follows ($MM).
1Q19 | Amount | % of Sales |
Sales | $2.7 | |
Cost of Sales | -$1.6 | 57.3% |
Operating Expenses | -$1.4 | 50.2% |
Net Earnings | -$0.2 | -7.5% |
Source: Aurora Spine Corporation; ORTHOWORLD estimates
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
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ME
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.