K2M Group (KTWO) Misses Q1 EPS by 3c

K2M Group (NASDAQ: KTWO) reported Q1 EPS of ($0.26), $0.03 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $61.9 million versus the consensus estimate of $60.33 million.

• Total Q1 revenue of $61.9 million, up 9.9% year-over-year. Total Q1 revenue increased 10.7% year-over-year on a constant currency basis.
• Domestic Q1 revenue of $46.2 million, up 9.5% year-over-year, comprised of:- U.S. Complex Spine growth of 7.6% year-over-year- U.S. Minimally Invasive Surgery (MIS) growth of 14.4% year-over-year- U.S. Degenerative growth of 9.4% year-over-year.
• International Q1 revenue of $15.7 million, up 11.1% year-over-year, or 14.4% on a constant currency basis.
• Net loss of $10.9 million for the three months ended March 31, 2017, compared to a net loss of $10.2 million in the comparable period last year.
• Adjusted EBITDA loss of $0.3 million for the three months ended March 31, 2017, compared to Adjusted EBITDA loss of $1.1 million in the comparable period last year.

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

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