financetom
Business
financetom
/
Business
/
Aurora Spine Swings to Profit in Q3 as Revenue Jumps
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Aurora Spine Swings to Profit in Q3 as Revenue Jumps
Nov 3, 2024 11:29 AM

07:55 AM EDT, 10/25/2024 (MT Newswires) -- Aurora Spine ( ASAPF ) overnight Thursday reported a swing to profit on record revenue for its third quarter.

The company, which manufactures spinal implants, reported a profit of US$71,000 compared with a loss of US$250,000 in the same quarter last year.

Revenue rose 21% to a record US$4.8 million. The quarter benefited from strong demand in the pain management sector, particularly for the SiLO TFX and ZIP 51 implants. Sales of its SiLO-TFX SI joint implant and SiLO allograft implant accounted for 48% or US$2.3 million in sales, compared with 31% or US$1.2 million the previous year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved