Loading...
•
Sep 30, 2021
SI-BONE Q3 2021 Earnings Report
Reported financial results for the third quarter 2021 and updated 2021 financial guidance.
Key Takeaways
SI-BONE reported a record worldwide revenue of $22.3 million for Q3 2021, representing a 9% increase over the corresponding period in 2020. The company's gross margin was 89% for the third quarter 2021. They are updating the full year 2021 total revenue guidance to be approximately $89 million to $90 million, representing growth of 21% to 23% compared to full year 2020.
Record worldwide revenue of $22.3 million for the third quarter 2021, representing a 9% increase over the corresponding period in 2020
U.S. revenue of $20.4 million for the third quarter 2021, representing a 8% increase over the corresponding period in 2020
Gross margin of 89% for the third quarter 2021
Refinanced debt with a new $35 million Term Loan from Silicon Valley Bank at more favorable terms
SI-BONE
SI-BONE
Forward Guidance
The Company is updating the full year 2021 total revenue guidance to be approximately $89 million to $90 million, representing growth of 21% to 23% compared to full year 2020.