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Conformis reports preliminary fourth-quarter and year-end 2018 revenue results

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Conformis Inc. recently announced its preliminary fourth-quarter and year-end 2018 revenue results.

The expected fourth-quarter revenue for 2018 totaled $22 million, while product revenue was estimated at $21.9 million and U.S. product revenue was estimated at $19.4 million. All estimated revenues had a year-over-year percentage increase, while rest of world product revenue approximated $2.5 million, with a 14% year-over-year decrease. According to a company press release, the preliminary unaudited revenue results are estimates only and are subject to revision.

The total expected revenue of 2018 was approximated to be $89.8 million, while product revenue was estimated to be $78.6 million and U.S. product revenue was estimated to be $68.2 million. Total revenue also included a royalty settlement of $10.5 million. All estimated revenues for 2018 had a year-over-year percentage increase, while the rest of world product revenue for 2018 was estimated at $10.6 million, with a 17% year-over-year decrease.

Reference:

www.conformis.com