SeaSpine Provides Preliminary Results for First Quarter 2020 and COVID-19 Related Business Update
SeaSpine Holdings Corporation (SPNE)
Last seaspine holdings corporation earnings: 2/26 04:05 pm
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Source: GlobeNewswire
Strong Cash Position of Approximately $105 Million Provides Operational Stability Company Withdraws Guidance for 2020 CARLSBAD, Calif., April 06, 2020 (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 first quarter of 2020 and a business update on the proactive steps it is taking in response to the global COVID-19 pandemic. Preliminary and Unaudited First Quarter 2020 Financial Results: Total revenue is expected to be in the range of $35.8 to $36.2 million, reflecting a 1% decline to flat compared to the prior year period º U.S. revenue is expected to be in the range of $31.6 to $31.9 million, reflecting a 1% or less decline compared to the first quarter 2019 - U.S Spinal Implants revenues are expected to reflect a decline of 3% to 4% - U.S Orthobiologics revenues are expected to reflect growth of
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