K2M Group (KTWO) Tops Q2 EPS by 1c, Maintains FY Guidance

K2M Group (NASDAQ: KTWO) reported Q2 EPS of ($0.27), $0.01 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $59.2 million versus the consensus estimate of $57.47 million.

2016 Outlook

The Company is reaffirming its fiscal year 2016 guidance expectations, which were previously updated on May 2, 2016.

The Company continues to expect:

• Total revenue on an as reported basis in the range of $231 million to $235 million, representing growth of 7% to 9% year-over-year, compared to total revenue of $216 million in fiscal year 2015.
• Total net loss of approximately $45 million to $47 million, compared to a total net loss of $39.4 million in fiscal year 2015.
• Adjusted EBITDA in a range of ($5.0) million to ($7.0) million, compared to Adjusted EBITDA of ($142) thousand in fiscal year 2015.

For earnings history and earnings-related data on K2M Group (KTWO) click here.

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