SI-BONE, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 08, 2021 at 04:07 pm EST
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SI-BONE, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 22.29 million compared to USD 20.37 million a year ago. Net loss was USD 15.87 million compared to USD 9.47 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to USD 0.33 a year ago.
For the nine months, sales was USD 64.92 million compared to USD 51.24 million a year ago. Net loss was USD 42.1 million compared to USD 34.72 million a year ago. Basic loss per share from continuing operations was USD 1.28 compared to USD 1.23 a year ago.
SI-BONE, Inc. is a medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy. The Company specializes in minimally invasive surgical implant systems to address sacroiliac joint dysfunction as well as address unmet clinical needs in pelvic fixation and management of pelvic fractures. The Company's products include a series of patented titanium implants and the instruments used to implant them, as well as implantable bone products. Its products include iFuse, iFuse-3D, iFuse-TORQ and iFuse Bedrock Granite. Within the United States, iFuse, iFuse-3D and iFuse-TORQ have clearances for applications across sacroiliac joint dysfunction and fusion, adult spinal deformity and degeneration, and pelvic trauma. Its first-generation iFuse, a machined triangular titanium implant, has a triangular cross section that resists twisting or rotation of the implant. The Company's second generation iFuse product, the iFuse-3D implant, is a patented titanium implant.
SI-BONE, INC. 
