Positive Net Sales Growth
Pro forma net sales reached $200.7 million, representing a year-over-year constant currency growth of 4%.
Strong Performance in USA Spinal Fixation
Net sales grew 5.4% with a 7% increase in procedure volume, consistent with company expectations.
USA Orthopedics Growth
U.S. Orthopedics grew 28%, driven by strong execution and product launches, marking the fourth consecutive quarter of double-digit growth.
7D FLASH Navigation System Success
U.S. unit placements grew by 66% in H1 2025 compared to the prior year, representing a total revenue commitment of $12 million over 3-4 years.
Launch of VIRATA Spinal Fixation System
Received FDA clearance and initiated limited market release, expected to contribute to growth in the coming years.
Record Orthopedics Product Launch
TrueLok Elevate Transverse Bone Transport System in full market release globally, expanding presence in diabetic wound market.
Improved Adjusted Gross Margin
Pro forma non-GAAP adjusted gross margin reached 72.7%, a 140 basis point increase from the previous year.
Positive Free Cash Flow
Generated positive free cash flow of $4.5 million in Q2, with a total cash balance of $68.7 million.