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ASG — Aurora Spine News Story

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Implant maker Aurora Spine's Q2 revenue falls, net loss widens on pain market weakness

Implant maker Aurora Spine's Q2 revenue falls, net loss widens on pain market weakness


Overview

  • US spinal implant maker's fiscal Q2 revenue fell 19% yr/yr on lower pain market sales

  • Company posted wider net loss for fiscal Q2 as sales and gross margin declined

  • Management cites sales team transition, patent dispute, and competition as reasons for weak quarter


Outlook

  • Company expects continued growth in DEXA-C cervical implants and Apollo plates

  • Aurora expects strategic alliance with CornerLoc to broaden SI joint product offerings

  • Company believes updated sales team structure will support future growth


Result Drivers

  • PAIN MARKET DECLINE - Co said lower pain market activity and reduced SI joint product sales drove revenue decline

  • SALES TEAM TRANSITION - Management cited transition and retooling of internal sales team as a factor in weak quarter

  • DISTRIBUTOR SALES MIX - Increased sales through distributor network contributed to lower gross margins


Company press release: ID:nNFC85DSP3


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Operating Expenses

$3.03 mln


Analyst Coverage

  • The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 2 three months ago


Reuters Recommended Reads

  • Aug 26 - China's AK Medical interim profit rises on overseas, digital sales

  • Aug 27 - Belgium's Materialise NV Q2 revenue rises 8% on medical segment strength

  • Aug 25 - Electromed's Q4 revenue slightly beats estimates on homecare strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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