Welcome to our dedicated page for Xtant Medical Holdings news (Ticker: XTNT), a resource for investors and traders seeking the latest updates and insights on Xtant Medical Holdings stock.
Xtant Medical Holdings, Inc. (NYSE American: XTNT) is a leader in the field of regenerative medicine and surgical solutions for spinal disorders. The company designs, develops, and markets a comprehensive range of orthobiologics and spinal implant systems to aid spinal fusion in complex spine, deformity, and degenerative procedures. Their offerings are widely utilized by orthopedic spine surgeons and neurosurgeons for treating various spinal disorders across cervical, thoracolumbar, and interbody regions.
Xtant Medical's product portfolio includes notable biomaterial products such as OsteoSponge, OsteoSponge SC, OsteoSelect Plus DBM putty, OsteoWrap, and the 3Demin line. These products are essential for promoting bone healing, and their applications extend to orthopedic disorders and cranial, foot, and ankle surgeries. The company's innovative solutions are distributed in both domestic and international markets, making a significant impact on global neurological and orthopedic surgery markets.
In recent developments, Xtant Medical has successfully raised its 2023 annual revenue guidance to $88 million - $91 million. Furthermore, the company has projected its full-year 2024 revenue guidance between $112 million - $116 million, signifying strong growth and operational efficiency. The financial results for the first quarter of 2024 were impressive, with total revenue reaching $27.9 million, an increase of 55% compared to the previous year. This growth was driven by strategic acquisitions, increased independent agent sales, and additional product sales.
Xtant Medical is dedicated to honoring the gift of donation, enabling patients to live full and complete lives. The team at Xtant is composed of dedicated and talented individuals who operate with the highest integrity to serve their customers. The company's mission and values are reflected in their continuous innovation and commitment to providing high-quality medical solutions.
Xtant Medical reported Q3 2024 financial results with revenue of $27.9 million, up 12% year-over-year, and year-to-date revenue of $85.8 million, up 36%. The company posted a net loss of $5.0 million compared to net income of $9.2 million in Q3 2023. Gross margin decreased to 58.4% from 61.3%. Notable developments include launching OsteoVive+ and Cortera Posterior Fixation System, signing a license agreement worth minimum $5.25 million, and completing a $5.0 million private placement. The company reaffirmed its full-year 2024 revenue guidance of $116-120 million, representing 27-31% growth.
Xtant Medical Holdings (NYSE American: XTNT), a global medical technology company specializing in spinal disorder treatments, has announced its participation in the 15th Annual Craig-Hallum Alpha Select Conference. The event will take place on November 19, 2024, at the Sheraton NY Times Square Hotel in New York City. CEO Sean Browne and CFO Scott Neils will represent the company in one-on-one meetings during the conference.
Xtant Medical Holdings (NYSE American: XTNT) announced it will release its third quarter 2024 financial results on November 12, 2024, after market close. The company will host a conference call at 4:30 PM ET the same day, featuring President and CEO Sean Browne and CFO Scott Neils. The call will be accessible via phone and webcast, with a replay available on the company's website afterward.
Xtant Medical Holdings, Inc. (NYSE American:XTNT) has launched the Cortera Posterior Fixation System, a comprehensive solution for thoracolumbar fixation surgeries. Now available in the United States, Cortera aims to enhance surgical efficiency and provide versatile solutions for complex spine procedures. Key features include:
- Dual Lead and Dual-to-Quad Lead screw thread options
- 5.5/6.0mm Ti/CoCr Rod System
- Helical Flange design
- Universal S27 Hexalobe Drive
The system is designed to simplify both straightforward and complex posterior fixation procedures, addressing spinal deformities, fractures, and degenerative conditions. Xtant Medical will showcase Cortera at the NASS 2024 Annual Meeting in Chicago, IL, from September 25-28, 2024.
Xtant Medical Holdings, Inc. (NYSE American: XTNT) has launched OsteoVive Plus, a new moldable, viable bone matrix for various grafting procedures. This product expands Xtant's portfolio and is now available to their nationwide distribution network. OsteoVive Plus features Advanced Purloc™ Fiber Technology, offering a high concentration of elongated cortical fibers for optimal surgical placement.
The launch aligns with Xtant's strategy to drive margin improvement and generate positive operating cash flow. Manufactured at their Belgrade facility, OsteoVive Plus reinforces Xtant's position as an innovative medical technology company. The product will be showcased at the North American Spine Society (NASS) 2024 annual meeting from September 25-28 in Chicago.
Xtant Medical Holdings (NYSE American: XTNT), a global medical technology company specializing in spinal disorder treatments, has announced a $5.0 million private placement of common stock. The company will issue 7,812,500 shares at $0.64 per share to an existing institutional investor. The proceeds will be used for working capital and general corporate purposes.
The private placement is expected to close around August 9, 2024, subject to customary conditions. Craig-Hallum Capital Group is acting as the sole placement agent. The transaction is being conducted under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D. Xtant Medical has agreed to file a registration statement with the SEC for the resale of the issued shares.
Xtant Medical Holdings (NYSE American: XTNT), a global medical technology company specializing in surgical solutions for spinal disorders, has announced its upcoming second quarter 2024 financial results release and earnings conference call. The company will disclose its financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024.
A conference call to discuss the results is scheduled for Friday, August 9, 2024, at 9:00 AM ET. The call will be hosted by Sean Browne, President and CEO, and Scott Neils, CFO. Investors can join via phone or webcast, with replay available on the company's website post-call.
Xtant Medical Holdings, Inc. (NYSE American: XTNT) reported strong financial results for Q2 2024, with revenue increasing 48% to $29.9 million. The company's gross margin improved by 50 basis points to 62.1%. Despite a net loss of $3.9 million, Xtant achieved positive Adjusted EBITDA of $0.5 million.
Key highlights include the launch of two new amniotic membrane allograft products, signing 15 new distributors, and securing 20 IDN contracts. The company also entered a $5.0 million private placement to strengthen its balance sheet.
Xtant reaffirmed its 2024 revenue guidance of $116-$120 million, projecting 27-31% annual growth. The company expects continued momentum with new product launches, increased distributor penetration, and improved margins in the second half of 2024.
Xtant Medical Holdings (NYSE American: XTNT), a global medical technology company specializing in spinal disorder treatments, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference & Private Company Showcase. The event will take place from August 13-15, 2024 at the InterContinental Boston.
Sean Browne, President and CEO, and Scott Neils, CFO, will represent Xtant Medical at the conference. Browne is scheduled to present on Wednesday, August 14th at 11:00 a.m. Eastern. Investors and interested parties can access a video webcast of the presentation through the provided link.
This conference participation offers Xtant Medical an opportunity to showcase its surgical solutions and connect with potential investors and industry professionals.
Xtant Medical, a global medical technology company specializing in spinal disorder treatments, will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis. CEO Sean Browne and CFO Scott Neils will represent the company. The event, featuring over 130 public companies, includes one-on-one and small group meetings. Interested parties can schedule a meeting by contacting Brett Maas or their Craig Hallum representative. Additionally, the company's investor presentation is available on Xtant Medical's investor relations website.
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