RTI Surgical Holdings, Inc.® Provides Business Updates
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
DEERFIELD, Ill., June 30, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today provided a business update in conjunction with releasing financial and operating results for the quarter ended March 31, 2020. Business Update Highlights: Scheduled special meeting of stockholders for July 15, 2020 to vote on sale of OEM businessAnnounced two senior leadership appointments and a new director to support transition to a pure-play global spine companyFirst quarter 2020: Revenue of $73.7 million, up 5% compared to the first quarter of 2019Net loss of $17.9 million, or $0.24 per common shareAdjusted EBITDA of $1.4 million, or 2% of revenue “I am very proud of the actions taken by our entire organization over the last several months as we have navigated the COVID-19 pandemic while at the same time managing through the pending sale of the OEM business and a number of other headwinds,” said Camille Farhat, President and CEO, RTI Surgi
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