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Jun 30, 2023
SI-BONE Q2 2023 Earnings Report
Reported financial results with record worldwide revenue and increased annual guidance.
Key Takeaways
SI-BONE, Inc. reported a strong second quarter with record worldwide revenue of $33.3 million, representing a 30% increase year-over-year. U.S. revenue also reached a record $31.2 million, a 31% increase year-over-year. The company's operating loss improved by 33% and net loss improved by 39%.
Record worldwide revenue of $33.3 million, a 30% increase year-over-year.
Record U.S. revenue of $31.2 million, a 31% increase year-over-year.
Gross margin of 81%.
Approximately 935 U.S. active surgeons, a 30% increase year-over-year.
SI-BONE
SI-BONE
Forward Guidance
SI-BONE is increasing its 2023 worldwide revenue guidance to be in the range of $132 million to $134 million, translating to a growth of approximately 24% to 26% compared to fiscal year 2022.
Positive Outlook
- Increased annual revenue guidance to $132 million - $134 million.
- Implies annual growth of 24%-26%.