OrthoFix reports increased net sales in fourth-quarter, full-year 2021 financial results
Click Here to Manage Email Alerts
OrthoFix Medical Inc. has announced increased net sales in its fourth-quarter and full-year 2021 financial results, according to a press release.
OrthoFix reported net sales of $125.1 million during the fourth quarter of 2021, a 6% increase from the prior year period. The company also reported annual net sales of $464.5 million for the full year of 2021, a 14% increase compared with annual net sales in 2020.
“Despite the headwinds our industry faced throughout the year, we delivered double-digit revenue growth while continuing to advance initiatives that will fuel the future of the business,” Jon Serbousek, president and CEO of OrthoFix, said in the release. “We closed the year with strong fourth-quarter performance, driven by year-over-year growth in global spinal implants as well as growth in orthopedics, primarily as a result of the continued strength of key products such as the M6-C artificial cervical disc and our Fitbone intramedullary limb-lengthening system,” he added.
Read more about
Click Here to Manage Email Alerts