ConforMIS reports preliminary fourth-quarter, full-year 2017 financial results

ConforMIS Inc. announced its preliminary results for the fourth quarter and year ended Dec. 31, 2017.

According to a company press release, the total revenue for the fourth quarter is expected to be around $20.8 million, a decrease of 4% year-over-year on a reported basis and a 5% decrease on a constant currency basis. The fourth-quarter product revenue is expected to be around $20.5 million. The U.S. product revenue is expected to be around $17.7 million, consistent year-over-year.

The 2017 full-year revenue is expected to be $78.1 million, a 2% decrease year-over-year on both a reported and constant currency basis. The full-year 2017 product revenue is expected to be approximately $77.1 million. The total U.S. product revenue is expected to be $64.4 million, a 3% increase year-over-year.

ConforMIS expects the full-year 2018 total revenue to range between $79.6 million and $83.6 million. The expected 2018 total gross margin is between 44% an 46%.

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