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Dec 31, 2022
ZimVie Q4 2022 Earnings Report
ZimVie's financial performance decreased due to macroeconomic pressures and operational disruptions, but was partially offset by cost savings initiatives.
Key Takeaways
ZimVie reported a decrease in third-party net sales for Q4 2022, driven by declines in both the dental and spine segments. The net loss decreased compared to the previous year, while adjusted net income increased. The company launched several innovative products and drove operational progress.
Third party net sales for the fourth quarter of 2022 were $228.2 million, a decrease of (12.4%) on a reported basis.
Third party dental segment net sales of $115.8 million decreased by ($9.6) million, or (7.6%) on a reported basis.
Third party spine segment net sales of $112.3 million decreased by ($22.9) million, or (16.9%) on a reported basis.
Net loss for the fourth quarter of 2022 was ($30.3) million, a decrease of $30.3 million versus the net loss of ($60.7) million in the fourth quarter of 2021.
ZimVie
ZimVie
ZimVie Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
ZimVie provided its full year 2023 financial guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income