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    Breaking News

    SeaSpine's Preliminary Q4 Revenue Falls 6 Percent

    Spinal hardware and orthobiologics proceeds dip 4 percent.

    Related CONTENT
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    • Minimally Invasive Spine Market to Surpass $842 Million by 2023
    SeaSpine Holdings Corporation01.12.17
    SeaSpine Holdings Corporation, a developer of spine surgery solutions, ended 2016 not with a bang, but a whimper. 
     
    Preliminary and unaudited revenue for Q4 2016 is expected to range between $32.5 and $32.7 million, a decrease of approximately 6 percent compared to the fourth quarter of 2015. Based on this preliminary estimate, spinal hardware revenue is expected to be approximately $15.9 million and orthobiologics revenue is expected to be approximately $16.7 million. Compared to the fourth quarter of 2015, total U.S. revenue is expected to decrease approximately 4 percent, to approximately $29.9 million, with both spinal hardware and orthobiologics revenue expected to decrease approximately 4 percent.
     
    Preliminary and unaudited full year 2016 revenue is expected to range between $128.8 and $129.0 million. Cash and cash equivalents at Dec. 31, 2016, are expected to total $14.6 million and outstanding borrowings under the credit facility are expected to be approximately $3.8 million. 
     
    “During the quarter, we executed on several critical objectives to drive future revenue growth, while exercising solid expense control and cash management. We added several new distributors, continued our focus on surgeon education, and initiated the alpha launches of our Shoreline and Mariner systems, positioning the company well for accelerating sales momentum in 2017,” said Keith Valentine, president and CEO of SeaSpine. “In the year ahead, we plan to further broaden our relationships with high quality distributors, expand our launch of key alpha systems and continue the surgeon-centric product development and innovation that will drive business and improve patient lives.”
     
    The company expects to issue full-year 2017 revenue and other relevant financial guidance with the release of its final fourth quarter and year-ending 2016 financial results in March.
     
    SeaSpine designs, develops, and commercializes surgical solutions to treat spinal disorders. SeaSpine has a portfolio of orthobiologics and spinal fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. SeaSpine’s orthobiologics products consist of a range of advanced and traditional bone graft substitutes and cellular grafts that are designed to improve bone fusion rates following a wide range of orthopedic surgeries, including spine, hip, and extremities procedures. SeaSpine’s spinal fusion hardware portfolio consists of an extensive line of products to facilitate spinal fusion in minimally invasive surgery (MIS), complex spine, deformity and degenerative procedures. Carlsbad, Calif.-based SeaSpine currently markets its products in the United States and in more than 30 countries worldwide.
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    • Packaging & Sterilization
      Viant to Halt EtO Sterilization at Michigan Plant by End of Year

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      EGLE had been investigating over the past year and issued Viant several violations for inadequate capture and control of ethylene oxide emissions.
      Michigan Department of Environment, Great Lakes, and Energy (EGLE) 12.04.19

    • Spine/Neurology
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    • 3-D Printing/Additive Mfg. | Biologics | Materials
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      ADAM is piloting the use of ceramics and polymer in 3D-printed bone implants, able to be produced at commodity prices.
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    • Extremities
      CrossRoads Extremity Systems Acquires Implant Systems from Surgical Frontiers

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      The add-on acquisition furthers CrossRoads' strategy to build a market-leading company in the high-growth orthopedic extremities sector.
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    • Spine/Neurology
      Micro Spine Implant Could Restore Standing and Walking

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      Hair-like electrical wires send electrical signals to trigger networks that already know how to do the hard work.
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    • Spine/Neurology
      RTI Surgical Appoints New Division Leaders

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    • KCI Introduces Solution for Challenging Surgical Locations

      KCI Introduces Solution for Challenging Surgical Locations

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    • EOS Imaging Receives FDA 510(k) Clearance for Next-Gen Imaging System

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    • Large Joint
      mediCAD is Now Officially a Medical Device in Japan

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    • Imaging
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    • Software & Quality
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      Arthrosurface Inc. 11.26.19


    Breaking News
    • InVivo Therapeutics Attains 25 Percent Enrollment in Spinal Cord Injury Study
    • BioPrax Biofilm Disruption Device Granted FDA Breakthrough Device Designation
    • Orthofix Appoints New Spine Business Leader
    • Viant to Halt EtO Sterilization at Michigan Plant by End of Year
    • Synaptive Medical's Modus V Expands Into Spine Market
    View Breaking News >
    CURRENT ISSUE

    November/December 2019

    • From Nitinol to Nanotubes: A Materials Science Roundtable
    • In Good Repair: Trauma Technologies Under Review
    • Anxious Undertones: A Review of 2019
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