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Safe Orthopaedics Publishes 4Q15/2015 Revenue

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Safe Orthopaedics posted 4Q15 revenue of €0.6MM, (~US $0.7MM), -5% from 4Q14, and 2015 revenue of €2.5MM (~$2.8MM), +23%.

During the year, 2,310 procedures were performed with the company's spine products, an increase of 118% vs. 2014 and +444% compared to 2013. 

Growth declines in 4Q were attributed to underperformance in the U.S. and negative impact from signing new distributors during 2014.

Source: Safe Orthopaedics