ConforMIS Reports 3Q18 Product Revenue of $18.3MM, +0.9% vs. 3Q17

 

ConforMIS posted total 3Q18 revenue of US $29MM, +57% vs 3Q17. However, $10.5MM of that revenue came from a one-time royalty payment as the company successfully settled its patent disputes with Smith & Nephew. Product revenue grew 0.9% vs. prior year, with sales in the U.S. growing by 4.8% for that same period driven primarily...

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Mike Evers Mike Evers is an 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.



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