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Sep 30, 2022
SI-BONE Q3 2022 Earnings Report
Reported financial results for the quarter ended September 30, 2022.
Key Takeaways
SI-BONE reported a record worldwide revenue of $26.4 million for Q3 2022, representing a 19% increase over the corresponding period in 2021. The company's U.S. revenue also hit a record of $24.6 million, a 21% increase year-over-year. The gross margin was 84% for the third quarter 2022.
Record worldwide revenue of $26.4 million for Q3 2022, a 19% increase year-over-year.
Record U.S. revenue of $24.6 million for Q3 2022, a 21% increase year-over-year.
Gross margin of 84% for Q3 2022.
Over 800 U.S. active surgeons in Q3, a 27% growth year-over-year.
SI-BONE
SI-BONE
Forward Guidance
The Company expects 2022 worldwide revenue to be in the range of $104 million to $105 million, implying growth of approximately 16% to 17%.