earnings
confidence high
sentiment neutral
materiality 0.75
SI-BONE Q3 record revenue $22.3M (+9% YoY); net loss $15.9M; FY21 guidance $89-90M
SI-BONE, Inc.
2021-Q3 EPS reported
-$1.28
revenue$64,922,000
- Q3 worldwide revenue $22.3M, up 9% YoY; U.S. revenue $20.4M (+8%), international $1.9M (+31%).
- Gross margin improved to 89% (87% YoY); operating loss widened to $13.2M from $8.7M.
- Net loss $15.9M ($0.48/sh) vs $9.5M ($0.33/sh); includes $1.8M debt extinguishment costs.
- Received UnitedHealthcare exclusive iFuse coverage for SI Joint Fusion, covering ~160M U.S. lives.
- FY2021 revenue guidance updated to ~$89-90M (21-23% growth); cash and securities $160.9M.