Improved Profitability and Margin Expansion
Achieved $17 million of adjusted EBITDA with a 15.7% margin, an improvement of over 500 basis points from the previous year, despite a challenging market environment.
Successful Launch of Immediate Molar Implant System
The immediate molar implant system exceeded internal growth expectations, contributing to unit sales growth in March and April.
Digital Dentistry Growth
ZimVie digital solutions, excluding scanner sales, grew in high single digits with the implant concierge service growing 11% year-over-year.
Strategic Acquisition in Costa Rica
Acquired a distributor partner in Costa Rica, enhancing the company's direct sales presence and improving margin profile.
Cost Reduction and Efficiency Improvements
Achieved a reduction of 350 basis points in adjusted total cost of products sold, contributing to improved profitability.
Successful Portfolio Strategy
Focus on proprietary implant sales and development over low-margin products, leading to a favorable product mix.