Achieved record full-year revenue of $3.9 million, driven by significant second-half momentum and a 92% increase in fourth-quarter revenue compared to the prior year.
Performance was primarily propelled by growth in surgical procedure volumes across both Catamaran and SImmetry+ platforms, fueled by new physician adoption.
Transitioned from a single-product provider to a multi-solution organization following the SiVantage transaction, allowing the company to address diverse patient anatomies and surgeon preferences.
Improved gross margins to 69% in the fourth quarter through operational effectiveness initiatives, better field productivity, and increased leverage of commercial infrastructure.
Strengthened the intellectual property estate to 29 issued U.S. patents and 31 pending applications, reinforcing the defensibility of both core technologies.
Enhanced financial flexibility through a $2.85 million ATM PIPE and a subsequent $4.3 million private placement of senior convertible notes to fund commercial expansion.
Management expects the fourth-quarter revenue run rate of $6 million to serve as a baseline for growth throughout 2026.
The commercial rollout of the SImmetry+ system will be a primary catalyst for 2026, with a phased launch approach including upcoming additions to the construct.
Anticipates further gross margin expansion as higher revenue volumes continue to absorb fixed costs within the cost of goods sold.
Plans to submit new technologies to the FDA shortly to address primary cases, revision cases, and adjuncts to complex multi-level spine procedures.
The current cash position and recent financing are expected to provide sufficient runway to fund commercial and clinical priorities deep into 2026.
Received FDA 510(k) clearance for the next-generation SImmetry+ SI-Joint Fusion System, enabling a lateral surgical approach.
Successfully completed early clinical ‘alpha’ cases with SImmetry+ at leading Centers of Excellence to validate market readiness.
Operating expenses in the fourth quarter increased to $3.9 million, primarily due to higher variable sales and marketing costs driven by increased revenue.
Management noted that while they do not provide specific future projections, the 2026 outlook is dependent on the successful execution of the new product pipeline.
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here.
