SpineGuard Releases 2014 Financial Results; Reports Guidance for 1Q15 Revenue
Starting with first quarter 2015,
First quarter 2015 revenue will be published on
In a release on
In 2014,
The gross margin of 85.2 percent at
The Company reported a net loss of
At
-The operating cash flow was
-Reimbursement of bonds, subscribed by Norgine, of
-The start of the reimbursement of the Oseo Innovation loan for
-The increase in shareholders' equity as a result of two Paceo equity facility draws in February and June, totaling
The Company also has an available equity line (Paceo) of 325.000 shares representing an estimated
The Company's workforce count was 25 at the end of 2014, flat compared with
Working capital was
A fruitful year in line with company's strategic goals marked by tangible strides on the "smart screw"
Sales and Marketing:
-After a challenging first half due to the healthcare reform implementation, US recovered in the second half thanks to a more focused sales execution toward hospital systems and teaching institutions (25 at the end of 2014 vs. 19 at the end of 2013), as well as the continuous improvement of the agent network with 74 agencies in place as of
-The performance in the rest of the world was altered by
-Positioning of the DSG platform and investment in marketing through two new hires (US and OUS) and a number of initiatives thriving on influential surgeons and robust clinical data.
Clinical:
-Seventh and eighth publications in peer-reviewed journals on the PediGuard clinical value by
-Seven podium presentations by seven different surgeons at seven different international scientific congresses along the year.
-Three new clinical studies completed: osteoporotic patients, learning curve of residents, and radiation exposure reduction in thoraco-lumbar.
Research & Development:
-Significant momentum and acceleration of the DSG Screw & Tap projects with tangible strides on the technical and partnership fronts;
-Completion of the PediGuard product offering with the launch of the XS line and beveled Cannulated;
-Two new patents filed on the X-ray Free Navigation project.
Recent events:
Next financial press release: 2015 first quarter revenue:
Co-founded in 2009 by
More information:
((Comments on this story may be sent to [email protected]))
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News