Conformis Reports First Quarter 2018 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 02, 2018 (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 joint replacement implants that are customized to fit each patient's unique anatomy, announced today financial results for the first quarter ended March 31, 2018. Q1 Summary Total revenue of $19.7 million, down 4% year-over-year on a reported basis and 6% on a constant currency basisProduct revenue of $19.5 million, down 4% year-over-year on a reported basis and 6% on a constant currency basis• U.S. product revenue of $16.0 million, consistent year-over-year• Rest of World product revenue of $3.5 million, down 22% year-over-year on a reported basis and 30% year-over-year on a constant currency basisGross margin of 45%, an increase of 1,300 basis points year-over-year "As reported earlier, our first quarter revenue of $19.7 million was consistent with our revenue guidance.
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