Brief: Conformis Inc - For Year Ended December 31, 2020, Company Expects Total Revenue Of Approximately $68.8 Million

ConforMIS

11/02/2021 22:41

Feb 11 (Reuters) - Conformis Inc  CFMS.O :
    * FOR YEAR ENDED DECEMBER 31, 2020, COMPANY EXPECTS TOTAL
REVENUE
OF APPROXIMATELY $68.8 MILLION
    * FOR QUARTER ENDED DECEMBER 31, 2020, COMPANY EXPECTS TOTAL
REVENUE OF APPROXIMATELY $16.7 MILLION
    * EXPECTS PRODUCT REVENUE OF APPROXIMATELY $16.5 MILLION FOR
QUARTER ENDED DEC 31, 2020
    * BELIEVES REVENUE FOR Q1 OF 2021 WILL DECLINE SEQUENTIALLY
FROM
Q4 OF 2020
    * CASH AND CASH EQUIVALENTS AS OF DECEMBER 31, 2020 ARE
PROJECTED
TO BE $28.7 MILLION
    * EXPECTS GROSS MARGIN FOR Q4 ENDED DECEMBER 31, 2020 TO BE
APPROXIMATELY $7.8 MILLION
    * Q4 REVENUE VIEW $18.2 MILLION -- REFINITIV IBES DATA
    * FY2020 REVENUE VIEW $70.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon: [ID: https://bit.ly/2MW6Bhv]
Further company coverage:  CFMS.O 

 ((Reuters.Briefs@thomsonreuters.com;))