secwatch.observer — SEC 8-K summary
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Issuer:     SI-BONE, Inc. (SIBN)
CIK:        0001459839
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001459839-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SI-BONE reports preliminary Q4 revenue ~$31.8M (+26% YoY) and refinances debt with $51M SVB facility
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- Q4 2022 preliminary revenue $31.7-31.9M, up ~26% YoY; FY 2022 revenue $106.1-106.3M, up ~18%.
- U.S. Q4 revenue $29.8-29.9M (+28%); active surgeons reached record 920 (+33% YoY).
- Cash & marketable securities ~$96M as of Dec 31, 2022.
- Refinanced existing $35M SVB term loan with new $51M facility: $36M term loan (due 2027) plus $15M revolver (due 2025), plus $15M accordion.
- Term loan interest at prime+0.5% (floor 6.75%); amortization begins July 2025; revolver based on 80% eligible receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/sibn-20230106.htm
  HTML page:      https://secwatch.observer/filing/0001459839-23-000003

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