SeaSpine Announces Preliminary Results for Fourth Quarter and Full-Year 2018
SeaSpine Holdings Corporation (SPNE)
Last seaspine holdings corporation earnings: 2/26 04:05 pm
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Source: GlobeNewswire
CARLSBAD, Calif., Jan. 07, 2019 (GLOBE NEWSWIRE) -- SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced today preliminary financial results for the fourth quarter and full-year 2018. Preliminary and unaudited revenue for fourth quarter 2018 is expected to be in the range of $37.6 to $38.0 million, reflecting approximately 10.6% to 11.8% growth compared to the prior year period. Fourth quarter 2018 U.S. revenue is expected to be in the range of $33.8 to $34.1 million, reflecting 8% to 9% growth compared to the fourth quarter 2017. U.S. Orthobiologics revenues are expected to reflect growth within the 9% – 10% range and U.S Spinal Implants revenues are expected to reflect growth within the 7.5% to 8.5% range for the fourth quarter. International revenue is expected to increase more than 35% to approximately $3.8 to $3.9 million, with growth primarily driven by a recently ad
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