SI-BONE, Inc. reports developments for a medical device business focused on procedural solutions for compromised bone and sacropelvic disorders. The company develops technologies centered on spinopelvic anatomy, including applications in minimally invasive SI joint fusion, adult spinal deformity, spinopelvic and sacropelvic fixation, and pelvic trauma.
Recurring updates include quarterly and annual financial results, revenue guidance, cash flow and adjusted EBITDA commentary, physician adoption metrics, reimbursement developments, and healthcare conference presentations. Product references include the iFuse Implant System, iFuse Bedrock Granite, iFuse TORQ, iFuse TORQ TNT, iFuse 3D, and related surgical implant technologies.
SI-BONE, Inc. (Nasdaq: SIBN) will report its Q1 2022 financial results on May 9, 2022, after market close. A conference call will follow at 1:30 p.m. PT, with access for investors via phone or webcast. As a leader in surgical treatment for sacropelvic disorders, SI-BONE's iFuse Implant System has facilitated over 65,000 SI joint fusion procedures, supported by extensive clinical evidence and insurance coverage. The company continues to leverage its market position to develop additional surgical devices.
SI-BONE, Inc. (Nasdaq:SIBN) reported financial results for Q4 and the full year 2021. Q4 revenue reached $25.2 million, a 14% increase year-over-year, while full-year revenue totaled $90.2 million, up 23% from 2020. U.S. revenue also grew by 13% and 21% for the respective periods. Despite impressive growth, gross margins fell to 87% in Q4 and operating loss rose to $13.9 million. For 2022, SI-BONE anticipates total revenue of $106 million to $108 million, projecting 18% to 20% growth over 2021.
SI-BONE, Inc. (NASDAQ: SIBN) is set to report its financial results for Q4 and the full year of 2021 on February 28, 2022, after market close. A corresponding conference call will begin at 1:30 PM PT, accessible via phone or webcast. The company specializes in surgical treatments for sacropelvic disorders and has established a significant presence with its iFuse Implant System, used in over 65,000 procedures. SI-BONE continues to leverage its market position to explore additional surgical solutions while ensuring insurance coverage for its procedures.
SI-BONE, Inc. announced preliminary unaudited revenue for 2021, ranging from $89.8 million to $90.1 million, reflecting a growth of 22%-23% year-over-year. The fourth quarter is expected to generate $24.9 million to $25.2 million, marking a 13%-14% increase compared to 2020. U.S. revenues are projected at $82.5 million to $82.7 million, with international revenues at $7.3 million to $7.4 million. Cash and marketable securities are estimated at $146 million as of December 31, 2021. Final results will be disclosed in February 2022.
SI-BONE, a leader in surgical treatments for musculoskeletal disorders, announced participation in the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 5:00 p.m. ET. The conference highlights the company’s innovative iFuse Implant System, which addresses SI joint pain affecting 15%-30% of chronic low back pain patients. With over 60,000 procedures performed by more than 2,500 surgeons, the iFuse system is supported by significant clinical evidence and insurance coverage. For more information, visit www.si-bone.com.
Mainstay Medical Holdings plc has appointed Jeffrey Dunn and Eric Major as independent board members, expanding the board to seven members. Dunn, the Executive Chairman of SI-BONE, Inc. (SIBN), brings extensive experience from leading the launch of a minimally invasive surgical implant system and navigating a successful IPO. Major co-founded K2M Group and led it to significant revenue and an acquisition by Stryker. Both directors will enhance Mainstay's strategic direction in commercial growth, especially for the ReActiv8 device targeting chronic low back pain.
SI-BONE, Inc. (Nasdaq: SIBN) announced that the Blue Cross Blue Shield Association's annual technology review confirms that only the iFuse Transiliac Triangular Implants are authorized for treating SI joint pain. This follows Arkansas Blue Cross Blue Shield's policy update to cover only SI joint fusion using these implants, aligning with other BCBSA plans. Jeffrey Zigler, VP of Market Access and Reimbursement, emphasized that iFuse is now distinguished from other implants, marking a significant advancement in patient care and reimbursement for SI joint procedures.
SI-BONE, Inc. (SIBN) reported a record worldwide revenue of $22.3 million for Q3 2021, an increase of 9% year-over-year. U.S. revenue reached $20.4 million, up 8% from the previous year. The gross margin improved to 89%. Operating expenses rose 25% to $33 million, primarily due to increased sales and marketing costs. The operating loss expanded to $13.2 million, and the net loss was $15.9 million, or $0.48 per diluted share. The company updated its 2021 revenue guidance to approximately $89 million to $90 million, reflecting a projected growth of 21% to 23%.
SI-BONE, Inc. (Nasdaq: SIBN), a leader in medical technology for musculoskeletal disorders, will release its Q3 2021 financial results on November 8, 2021, after market close. A conference call to discuss these results will begin at 1:30 p.m. PT. Interested investors can join by dialing (866) 470-1968 domestically or (409) 217-8248 internationally, with conference ID: 4991983. Additionally, a live webcast will be available on the company’s website and archived for 90 days.
SI-BONE is well-regarded for its iFuse Implant System, used in over 60,000 procedures.
SI-BONE, Inc. announced that UnitedHealthcare will exclusively cover its iFuse triangular implants for minimally invasive SI joint fusion procedures, effective October 1, 2021. This change highlights a shift from covering all devices to a specific preference for iFuse implants, supported by over 100 peer-reviewed publications and more than 60,000 iFuse procedures performed. With coverage from UnitedHealthcare, which has over 45 million members, and other major insurers, the policy aims to enhance patient access to effective treatment for degenerative SI joint disease.