Expected Q4 Summary:
- Total revenue of approximately
$19.9 million , down 10% year-over-year on a reported basis and 9% on a constant currency basis - Product revenue of approximately
$19.7 million , down 10% year-over-year on a reported and constant currency basis
•U.S. product revenue of approximately$17.2 million , down 11% year-over-year on a reported basis
• Rest of world product revenue of approximately$2.5 million , up 0.5% year-over-year on a reported basis and 4% on a constant currency basis
Expected 2019 Summary:
- Total revenue of approximately
$77.4 million was down 2% year-over-year on a reported and constant currency basis, excluding a one-time royalty settlement of$10.5 million in 2018 - Product revenue of approximately
$76.6 million , down 3% year-over-year on a reported basis and 2% on a constant currency basis
•U.S. product revenue of approximately$67.2 million , down 1% year-over-year
• Rest of world product revenue of approximately$9.5 million , down 10% year-over-year on a reported basis and 6% on a constant currency basis
2020 Target Revenue Growth Percentage:
Conformis expects product revenue growth for 2020 to be in the range of 3%–6%
These preliminary results are being provided in advance of the Company's presentation at the 38th Annual
The preliminary unaudited revenue results described in this press release are estimates only and are subject to revision. The Company currently expects to report its full financial results, including gross margin, for the fourth quarter and the year ended 2019 on
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Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release about our future expectations, plans and prospects, including statements about the anticipated timing of our product launches, and our financial position and results, total revenue, product revenue, gross margin, operations and growth, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. We may not actually achieve the forecasts disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual financial results could differ materially from the projections disclosed in the forward-looking statements we make as a result of a variety of risks and uncertainties, including risks related to our estimates and expectations regarding our revenue, gross margin, expenses, revenue growth and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of our public filings with the
CONTACT: Investor Relations ir@conformis.com (781) 374-5598
Source:
2020 GlobeNewswire, Inc., source