SeaSpine Holdings (SPNE) Reports Q4 Loss Per Share of $1.23

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SeaSpine Announces Fourth Quarter and Full-Year 2015 Financial Results

March 15, 2016 4:05 PM EDT

CARLSBAD, Calif., March 15, 2016 (GLOBE NEWSWIRE) -- SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced today financial results for the fourth quarter and year ended December 31, 2015 and reaffirmed guidance for 2016.

Recent Highlights

Revenue totaled $34.7 million in the fourth quarter 2015, a 1% decline compared to the fourth quarter of 2014; U.S. revenue increased 1% to $31.2 million U.S. orthobiologics product revenue of $15.9 million, a 2% increase over the prior yearU.S. spinal hardware product revenue of $15.3 million, flat... More