Conformis Reports First Quarter 2019 Financial Results
Conformis, Inc. (CFMS)
Last conformis, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.conformis.com
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Source: GlobeNewswire
BILLERICA, Mass., May 01, 2019 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ:CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell patient specific joint replacement implants designed to fit each patient's unique anatomy, announced today financial results for the first quarter ended March 31, 2019. Q1 Summary Total revenue of $20.6 million, year-over-year up 5% on a reported basis and 6% on a constant currency basisProduct revenue of $20.5 million, year-over-year up 5% on a reported basis and 6% on a constant currency basis -- U.S. product revenue of $17.6 million, year-over-year up 10% -- Rest of World product revenue of $2.9 million, year-over-year down 16% on a reported basis and 11% on a constant currency basisRoyalty revenue of $0.2 million, consistent with prior yearGross margin of 48%, a year-over-year increase of 300 basis points "Our US growth of 10% represents continued progre
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