Strong Revenue Growth
Total revenue for 2024 was $293 million, representing a 6.8% growth year-over-year. Q4 revenue grew 10.2% year-over-year to $85.6 million.
Lymphedema Business Line Success
Sales grew 11% year-over-year in Q4 and were up 18.1% on a sequential basis. The launch of Nimbl for upper and lower extremity symptoms showed strong adoption.
Improved Gross Margins
Q4 gross margins increased 310 basis points year-over-year, driven by lower manufacturing and warranty costs.
Cash and Cash Equivalents Increase
Cash and cash equivalents increased sequentially by $12.2 million, closing the year with a $94.4 million cash balance.
Positive Adjusted EBITDA Growth
Adjusted EBITDA grew 5.5% year-over-year, reflecting another consecutive quarter of improvement.
Anticipated Revenue Growth in 2025
Projected full year 2025 revenue is in the range of $316 million to $322 million, representing an 8% to 10% year-over-year growth.