Balance Sheet StrengthThe planned sale of Coflex, CoFix, and OUS Business strengthens XTNT's balance sheet, sheds a non-core group of assets, and reduces debt by approximately 50%.
EarningsXTNT generated adjusted EBITDA of $4.5M and improved its cash flow from operations.
Financial PerformanceXTNT reported revenue of $33.3M, slightly ahead of BTIG/Consensus estimates, as license revenue of $5.5M boosted results.