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Mar 31, 2022
SI-BONE Q1 2022 Earnings Report
Reported financial results for the quarter ended March 31, 2022.
Key Takeaways
SI-BONE, Inc. reported a 10% increase in worldwide revenue, reaching $22.4 million for the first quarter of 2022. U.S. revenue increased by 9% to $20.4 million, and the gross margin was 87%. The company's operating loss was $16.9 million, and the net loss was $17.4 million, or $0.52 per diluted share.
Worldwide revenue of $22.4 million for the first quarter 2022, representing a 10% increase over the corresponding period in 2021
U.S. revenue of $20.4 million for the first quarter 2022, representing a 9% increase over the corresponding period in 2021
Gross margin of 87% for the first quarter 2022
Awarded Breakthrough Device Designation by the FDA for iFuse Bedrock GraniteTM targeting adult spinal deformity
Forward Guidance
The Company continues to expect total 2022 revenue of approximately $106 million to $108 million, representing growth of 18% to 20% compared to full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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