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Product / Company Performance

Globus Medical announces preliminary 4Q18 and full-year 2018 revenue growth -

By Mike Evers, ORTHOWORLD

Globus Medical announced preliminary 4Q18 revenue of US $195.5MM, +11% vs. 4Q17, and full-year 2018 revenue of $712.5MM, +12% vs. 2017.

This marks the fifth consecutive quarter of double-digit organic growth for the company, driven in part by 35% year-over-year growth for the ExcelsiusGPS robotic platform. In the U.S., spinal implants grew 9%, which leadership attributed to robotic-system pull through and strong recruiting. Globus provided full-year 2019 guidance of $770MM.

 

Sources: Globus Medical

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

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