Sientra: Second quarter total sales up 21% year-over-year

Sientra Inc. announced its financial results for the second quarter ended June 30.

Among the highlights, second quarter total sales were $14.2 million, up 21.2% year-over-year. The company attributes the growth to breast product sales in the United States.

Second quarter gross profit was $10.3 million or 72.3% of total sales, compared with gross profit of $8.8 million or 75.4% of total sales during second quarter 2014.

Operating expenses were $12.4 million, an increase of $2.3 million or 23.4% compared with the same period in 2014, according to the press release.

Second quarter net loss was $3 million compared to $0.2 million in the same quarter of 2014.

Sientra had $89.7 million in cash and cash equivalents as of June 30, 2015.

Source: www.sientra.com