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Product / Company Performance

Aurora Spine Posts Record 2Q19 Revenue on Hardware -

By Mike Evers, ORTHOWORLD

 

  • Sales of cervical plates, lumbar cages and lumbar screws led to highest revenue quarter in company’s history
  • Sales of third-party products are growing significantly faster than sales of proprietary products

 

Performance by Segment

ORTHOWORLD estimates segment sales and growth on an as-reported basis, as follows ($MM):

  2Q19 2Q18 $ Chg % Chg
Spine $3.1 $1.9 $1.2 63.7%
Orthobiologics $0.2 $0.1 $0.1 49.3%
Total $3.3 $2.0 $1.3 62.8%
  1H19 1H18 $ Chg % Chg
Spine $5.7 $3.3 $2.4 71.8%
Orthobiologics $0.3 $0.2 $0.1 56.6%
Total $6.0 $3.5 $2.5 70.9%

 

Net Earnings Data

Net earnings, inclusive of all revenue, are as follows.

  Amt % of Sales
Sales $3.3  
   Cost of Sales -$2.0 60.5%
   Operating Expenses -$1.3 40.9%
Net Earnings $0.0 -1.4%

 

Source: Aurora Spine Corporation; ORTHOWORLD estimates

Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.

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