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Orthopaedic Industry News & Orthopaedic Company News | Orthogate Professionals

Details
By avaidya@beckershealthcare.com (Anuja Vaidya)
avaidya@beckershealthcare.com (Anuja Vaidya)
Industry News
02 August 2016

K2M revenue up 5.1%; net loss totals $11.1M in Q2: 10 key notes

Here are 10 key notes:

1. The company's total reported revenue was $59.2 million for the second quarter of 2016, up 5.1 percent compared to the same period the year prior.

2. Total revenue increased 5.3 percent year-over-year on a constant currency basis.

3. K2M suffered a net loss of $11.1 million in the second quarter, as compared to a loss of $6.2 million during the same period last year.

4. Revenue in the United States increased 9.2 percent from the second quarter in 2015 to $45.2 million.

5. U.S. revenue for K2M's complex spine category grew 8.2 percent; minimally invasive surgery category grew 15.9 percent and degenerative category grew 7.9 percent.

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Last Updated: 02 August 2016
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