SeaSpine Reports 1Q19 Revenue of $36.2MM, +9% vs. 1Q18

SeaSpine reported 1Q19 revenue of USD $36.2MM, +9% vs. 1Q18.

• Increased 2019 guidance by $2MM (1.5%) on the low end, bringing updated guidance range to $154MM to $156MM (+7.5 to 9% vs. 2018)
• Spine revenue growth driven by new products, particularly the Shoreline and Mariner systems along with NanoMetalene products
• Orthobiologics revenue growth driven by new products such as OsteoStrand Plus
• Ex-U.S. revenue grew 14.5%, primarily on the strength of Europe

Segment sales and growth on an as-reported basis:

Revenue by geographic region:

Net earnings:

Sources: SeaSpine

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