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Globus Medical Reports 4Q15/2015 Revenue

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Globus Medical reported 4Q15 sales of US $142.6MM, +11.5% from 4Q14, and 2015 sales of $544.8MM, +16.0% vs. 2014. Growth reflects constant currency.

2015 Sales by Geographic Area:

  • U.S. $498.1MM, +16%
  • Ex-U.S. $46.5MM, -1.5% as reported

 

2015 Sales by Product Category, growth as reported:

  • Innovative Fusion $288.0MM, +3.6%
  • Disruptive Technology $256.6MM, +26.1%

 

ORTHOWORLD estimates 2015 segment revenue and as-reported growth as follows.

  • Spine $520.0MM, +14.2%
  • Orthobiologics $24.5MM, +29.1%

 

During 2015, Globus launched 14 new products and completed the integration of Branch Medical to increase in-house manufacturing capabilities. For 2016, the company indicates revenue guidance of ~$583MM.

Source: Globus Medical, Inc.

 

Read Four Questions with Anthony L. Williams, President, and Daniel T. Scavilla, Senior Vice President and Chief Financial Officer of Globus Medical, in Fast-Growing Companies in Spine: Market Trends and Key Dynamics.