K2M Group Reports Fourth Quarter and Full Year 2017 Financial Results

Medical Device Investing

K2M Group (Nasdaq:KTWO) a global leader of complex spine and minimally invasive solutions focused on achieving three-dimensional Total Body Balance™, today reported financial results for its fourth quarter and fiscal year ended December 31, 2017. As quoted in the press release: Total fiscal year 2017 revenue of $258.0 million, up 9% year-over-year on both a …

As quoted in the press release:

Total fiscal year 2017 revenue of $258.0 million, up 9% year-over-year on both a reported basis and on a constant currency basis.
Domestic fiscal year 2017 revenue of $197.3 million, up 9% year-over-year, comprised of:
U.S. Complex Spine growth of 8% year-over-year
U.S. Minimally Invasive Surgery (MIS) growth of 16% year-over-year
U.S. Degenerative growth of 8% year-over-year
International fiscal year 2017 revenue of $60.7 million, up 9% year-over-year, or 10% on a constant currency basis.

Click here to read the full press release.

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