earnings
confidence high
sentiment neutral
materiality 0.65
SI-BONE Q1 revenue $22.4M (+10% YoY); net loss $17.4M; reaffirms FY2022 guidance
SI-BONE, Inc.
2022-Q1 EPS reported
-$0.52
revenue$22,439,000
- Worldwide revenue $22.4M, up 10% YoY; U.S. revenue $20.4M (+9%), international $2.1M (+24%.
- Gross margin 87% (vs 89% in Q1 2021); operating loss $16.9M vs $11.6M a year ago.
- Net loss $17.4M ($0.52 per diluted share) compared to $12.2M ($0.37 per share) in Q1 2021.
- Cash and marketable securities $130.7M, long-term borrowings $35.0M as of March 31, 2022.
- Reaffirmed FY2022 revenue guidance of ~$106M to $108M, representing 18%-20% growth over 2021.