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.