RTI Surgical Reports 1Q19 Orthopedic Revenue of $60MM, +0.2% vs. 1Q18

RTI Surgical posted 1Q19 orthopedic revenue of USD $60MM, +0.2% vs 1Q18.

• Completed the acquisition of Paradigm Spine
• Focusing on accelerated reimbursement, physician engagement and salesforce execution to drive sales of coflex Interlaminar Stabilization device acquired from Paradigm
• Restructured and expanded commercial team
• 2019 guidance for all revenue in the range of $325MM to $335MM, +15% to +19% growth compared to 2018

Estimated segment sales and growth on an as-reported basis are as follows ($MM).

Revenue by geographic region is as follows ($MM).

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

Source: RTI Surgical; ORTHOWORLD estimates.

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