NuVasive Announces Select Preliminary Unaudited Full Year 2016 Financial Results and 2017 Outlook - Seite 2

Full Year 2017 Outlook

NuVasive expects full year 2017 revenue will be approximately $1.065 billion, reflecting 11.4% year-over-year growth, or 12.4% on a constant currency basis. Full year 2017 pro forma revenue, assuming acquisitions are included in the Company's financial results for the entire fiscal year, is expected to grow 8.7% on a constant currency basis, in line with the high single-digit long-term organic revenue growth target that the Company communicated previously. Revenue guidance for the full year 2017 includes approximately $10 million in year-over-year currency headwinds. Additionally, NuVasive expects full year 2017 non-GAAP operating profit margin expansion of approximately 100 basis points compared to full year 2016.

NuVasive will provide detailed financial performance guidance for the full year 2017 when the Company announces its complete financial and operating results for its fourth quarter and the full year ended December 31, 2016, which is expected to be issued on February 9, 2017.

Non-GAAP Information

This news release refers to operating profit margin that is not calculated in accordance with GAAP. Non-GAAP operating profit margin excludes amortization of intangible assets, non-cash purchase accounting adjustments on acquisitions, business transition costs, CEO transition related costs, certain litigation charges significant one-time items, and non-cash interest expense and/or losses on repurchase of convertible notes. A reconciliation of GAAP operating margin and non-GAAP operating profit margin for the full year 2016 will be provided when the Company announces its complete financial results for the fourth quarter and full year ended December 31, 2016. Management also uses certain non-GAAP measures which are intended to exclude the impact of foreign exchange currency fluctuations. The measure constant currency is the use of an exchange rate that eliminates fluctuations when calculating financial performance numbers. Management calculates the non-GAAP financial measures provided in this news release excluding these costs and uses these non-GAAP financial measures to enable it to further and more consistently analyze the period-to-period financial performance of its core business operations. Management believes that providing investors with these non-GAAP measures gives them additional information to enable them to assess, in the same way management assesses, the Company's current and future continuing operations. These non-GAAP measures are not in accordance with, or an alternative for, GAAP, and may be different from non-GAAP measures used by other companies.