SI-BONE, Inc. Provides Preliminary Unaudited Revenue Guidance for the Fourth Quarter and Full Year of 2022
January 09, 2023 at 09:00 am
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SI-BONE, Inc. provided preliminary unaudited revenue guidance for the fourth quarter and full year of 2022. For the quarter, the company expects worldwide revenue to be in the range of $31.7 million to $31.9 million, representing growth of approximately 26% compared to the prior year period. U.S. revenue to be in the range of $29.8 million to $29.9 million, representing growth of approximately 28% compared to the prior year period.
For the full year, the company expects worldwide revenue to be in the range of $106.1 million to $106.3 million, representing growth of approximately 18% compared to the prior year period. U.S. revenue to be in the range of $98.6 million to $98.7 million, representing growth of approximately 19% compared to the prior year period.
SI-BONE, Inc. is a medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy. The Company specializes in minimally invasive surgical implant systems to address sacroiliac joint dysfunction as well as address unmet clinical needs in pelvic fixation and management of pelvic fractures. The Company's products include a series of patented titanium implants and the instruments used to implant them, as well as implantable bone products. Its products include iFuse, iFuse-3D, iFuse-TORQ and iFuse Bedrock Granite. Within the United States, iFuse, iFuse-3D and iFuse-TORQ have clearances for applications across sacroiliac joint dysfunction and fusion, adult spinal deformity and degeneration, and pelvic trauma. Its first-generation iFuse, a machined triangular titanium implant, has a triangular cross section that resists twisting or rotation of the implant. The Company's second generation iFuse product, the iFuse-3D implant, is a patented titanium implant.