SeaSpine Announces Preliminary Results for Third Quarter 2017
SeaSpine Holdings Corporation (SPNE)
Last seaspine holdings corporation earnings: 2/26 04:05 pm
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Source: GlobeNewswire
CARLSBAD, Calif., Oct. 25, 2017 (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 at and for the three-months ended September 30, 2017. Third Quarter 2017 Preliminary Financial Highlights Total revenue is expected to be $31.7 million, unchanged compared to the prior year U.S. revenue is expected to be $28.2 million, a decrease of 0.8% year-over-year U.S. Orthobiologics revenue is expected to be $14.9 million, a 2.0% increase year-over-yearU.S. Spinal Implants revenue is expected to be $13.3 million, a 3.9% decrease year-over-year International revenue is expected to be $3.5 million, a 7.4% increase year-over-year Improved liquidity position, with total cash balance expected to be $4.4 million higher than at June 30, 2017 and all outstanding debt and interest paid down during the third quarter “Our preliminary financ
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