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Stock impact report

Carlsmed Q4 Earnings Call Highlights [Yahoo! Finance]

Carlsmed, Inc. (CARL) 
Company Research Source: Yahoo! Finance
Carlsmed reported full-year revenue of $50.5 million (up YoY) and record Q4 revenue of $15.2 million with gross margins in the mid-70s; the company raised $100 million in a July IPO and held $109.9 million in cash and investments despite a 2025 GAAP net loss of $29.6 million Management highlighted strong clinical and reimbursement progress: a published two-year study showed a reduction in reoperation rates with aprevo Lumbar versus stock implants, and CMS granted an NTAP for aprevo Cervical providing up to per inpatient procedure, while manufacturing lead time fell to six business days. Product and commercial momentum continues with the myaprevo Ecosystem and aprevo Cervical launch, first-in-human bilateral posterior and personalized Cora cervical plate procedures (targeting H2 2026 launches), addition of 101 fully trained surgeons, and 2026 revenue guidance of $70–75 million (about growth at the midpoint) with expected mid-70s gross margins. Interested in Carlsmed, Inc.? Here Show less Read more
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