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SeaSpine announced 1Q17 revenue of US $31.9MM, +1.6% vs. 1Q16.
| 1Q17 | 1Q16 | $ Change | % Change | |
| Spine | $14.8 | $14.7 | $0.0 | 0.2% |
| Orthobiologics | $17.1 | $16.7 | $0.5 | 2.8% |
| Total | $31.9 | $31.4 | $0.5 | 1.6% |
Geographic results: U.S. $28.6MM, +0.2%; ex-U.S. $3.3MM, +15.6%
1Q17 performance highlights:
- Increase in orthobiologics driven by U.S. and ex-U.S. sales, primarily due to addition of new distributors
- U.S. orthobiologic revenue buoyed by growth in Latin America and Europe
- Spinal hardware revenue growth supported by addition of new Latin America distributor
- U.S. spinal hardware impacted by lower demand for older products (particularly interbody fusion)
- Launched >10 new products in 2016 (primarily hardware), planning 8-10 new/next-gen products and line extensions in 2017, including up to 3 orthobiologic products (e.g. DBM Fibers, Resorbable Mesh DBM system—latter could launch in early 2018)
- Reaching end of limited launch for Shoreline standalone anterior cervical system and Mariner next-gen modular pedicle screw, both FDA-cleared in 4Q16; full launch slated for mid-year 2017
- Mid-year limited launch planned for Skipjack expandable interbody device (based on IP acquired from NLT Spine in 3Q16)
- In 2Q, launched Daytona Small Stature Pediatric Deformity System and alpha-launched reusable Rapid Graft Delivery System
- Legacy distributor disruption is outpaced by new distributors, breadth of new products launched in 2016
Sources: SeaSpine Holdings Corporation; ORTHOWORLD Inc.
SeaSpine announced 1Q17 revenue of US $31.9MM, +1.6% vs. 1Q16.
Q17
Q16
$ Change
% Change
Spine
$14.8
$14.7
$0.0
0.2%
Orthobiologics
$17.1
$16.7 ...
SeaSpine announced 1Q17 revenue of US $31.9MM, +1.6% vs. 1Q16.
| 1Q17 | 1Q16 | $ Change | % Change | |
| Spine | $14.8 | $14.7 | $0.0 | 0.2% |
| Orthobiologics | $17.1 | $16.7 | $0.5 | 2.8% |
| Total | $31.9 | $31.4 | $0.5 | 1.6% |
Geographic results: U.S. $28.6MM, +0.2%; ex-U.S. $3.3MM, +15.6%
1Q17 performance highlights:
- Increase in orthobiologics driven by U.S. and ex-U.S. sales, primarily due to addition of new distributors
- U.S. orthobiologic revenue buoyed by growth in Latin America and Europe
- Spinal hardware revenue growth supported by addition of new Latin America distributor
- U.S. spinal hardware impacted by lower demand for older products (particularly interbody fusion)
- Launched >10 new products in 2016 (primarily hardware), planning 8-10 new/next-gen products and line extensions in 2017, including up to 3 orthobiologic products (e.g. DBM Fibers, Resorbable Mesh DBM system—latter could launch in early 2018)
- Reaching end of limited launch for Shoreline standalone anterior cervical system and Mariner next-gen modular pedicle screw, both FDA-cleared in 4Q16; full launch slated for mid-year 2017
- Mid-year limited launch planned for Skipjack expandable interbody device (based on IP acquired from NLT Spine in 3Q16)
- In 2Q, launched Daytona Small Stature Pediatric Deformity System and alpha-launched reusable Rapid Graft Delivery System
- Legacy distributor disruption is outpaced by new distributors, breadth of new products launched in 2016
Sources: SeaSpine Holdings Corporation; ORTHOWORLD Inc.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
