RTI Surgical® Announces Third Quarter 2019 Results
RTI SURGICAL (RTIX)
Last rti surgical earnings: 11/1 07:00 am
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US:NASDAQ Investor Relations:
rtix.com/en_us/investors
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Source: GlobeNewswire
Growth Driven By the Addition of coflex® Interlaminar Stabilization® Device and Solid Contribution from OEM Franchise DEERFIELD, Ill., Oct. 31, 2019 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, reported operating results for the third quarter of 2019. Third Quarter 2019 Highlights: Revenue of $76.1 million, up 10.2% compared to the third quarter of 2018Net Loss of $4.9 million, or $0.06 per common share, inclusive of $5.3 million of non-recurring costsAdjusted EBITDA of $7.1 million, or 9.3% of revenueRevenue and EBITDA guidance updated to reflect current business progress “RTI Surgical increased revenue by 10 percent in the third quarter of 2019 driven by the addition of coflex and strong performance in our OEM franchise, partially offset by lower than expected revenue contribution from our global spine business,” said Camille Farhat, President and CEO, RTI Surgical. “We remain confident in our long-term strategy and our abi
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