Xtent, Inc. (XTNT) Posts Surprise Q4 Profit
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Xtant™ Medical Reports Record $22.3 Million Revenue and 14.1% Growth for the Fourth Quarter 2015
March 15, 2016 4:31 PM EDTSee footnote about the use of pro forma financial information
Fourth Quarter 2015 Highlights:
Consolidated total revenue increased 14.1% to a record $22.3 million compared to pro forma fourth quarter 2014 revenue of $19.5 millionConsolidated gross profit increased 14.9% to $14.9 million compared to pro forma fourth quarter 2014 gross profit of $13.0 millionConsolidated gross margins improved to 67.0%, compared to 66.5% reported in the fourth quarter of 2014Consolidated net income for the quarter improved to $11.6 million compared to a pro forma net loss of $5.0 million in... More