Loading...
•
Jun 30, 2021
SI-BONE Q2 2021 Earnings Report
Reported record revenue driven by strong performance and growing demand, with expansion plans underway.
Key Takeaways
SI-BONE, Inc. reported a record worldwide revenue of $22.2 million for Q2 2021, a 58% increase compared to Q2 2020. The company's U.S. revenue increased by 53% to $20.2 million. The company is maintaining its full year 2021 total revenue guidance to be approximately $92 million to $94 million.
Worldwide revenue reached a record $22.2 million, representing a 58% increase year-over-year.
U.S. revenue increased by 53% year-over-year, totaling $20.2 million.
Gross margin was 89% for the second quarter 2021.
SI-BONE received exclusive coverage from Anthem, a major U.S. health insurer.
SI-BONE
SI-BONE
Forward Guidance
The Company continues to take a measured approach given the early stages of the COVID-19 recovery, and maintains the full year 2021 total revenue guidance to be approximately $92 million to $94 million, representing growth of 25% to 28% compared to full year 2020. Given the gross margin trends in the first and second quarter of 2021, the Company is updating the gross margin guidance to between 87% to 89% for full year 2021.