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SpineGuard Reports Third-quarter 2019 Revenue

Nachrichtenquelle: Business Wire (engl.)
15.10.2019, 18:00  |  184   |   |   

Regulatory News:

SpineGuard (Paris:ALSGD) (FR0011464452 – ALSGD), an innovative company that designs, develops, and markets disposable medical devices intended to make spine surgery safer by bringing real-time digital technology into the operating room, announced today that its third-quarter revenue was €1.7 million.

Stéphane Bette, CEO and co-founder of SpineGuard, said: « These results are in line with our strategic plan implemented since 2017 consisting in refocusing the company on value-generating activities: innovation and technology deployment. In the United States, our two most recently launched products produced a nice growth: PediGuard Threaded and “Smart” DSG – embedded screw. The performance of our US subsidiary, although mitigated, should be appreciated in light of the reorganization in the first semester with the primary goal of profitability. We reached that goal in challenging market conditions for the legacy range of PediGuard products. We are otherwise satisfied by the sales improvement in other geographies and the contribution of our dental partnership. As we just attended NASS, the world largest Spine Surgery congress in America, we observed the relevance of our progress with DSG Connect (CE mark filing for a launch in the first half of 2020) and its robotic application that will allow us to reach sizable strategic alliances in order to get back to growth and create shareholder value.»

€ thousands - IFRS

2019

2018

Variance

First Quarter

1,648

1,769

-7%

Second Quarter

1,797

1,857

-3%

Half-Year

3,445

3,626

-5%

Third Quarter

1,721

1,879

-8%

Year to Date 9 Months

5,166

5,505

-6%

Unaudited

Global revenue in the third quarter of 2019 decreased 8% to €1,721k, compared with €1,879k in the third quarter of 2018.

Outside the USA, the revenue increased by +43% at €279k compared with €196k in the third quarter of 2018. The performance reflects new orders from China and continuous progress with ConfiDent ABC for dental implantology. Units sold were 953 vs. 525 in 2018.

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