ConforMIS Inc (CFMS) Misses Q3 EPS by 2c

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Conformis Reports Third Quarter 2019 Financial Results

October 30, 2019 4:05 PM EDT

BILLERICA, Mass., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ: CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell patient-specific joint replacement implants designed to fit each patient's unique anatomy, announced today financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Summary

Total revenue of $17.3 million, a decrease of 40% year-over-year on a reported and constant currency basis, including a royalty settlement of $10.5 million in the third quarter of 2018.Product revenue of $17.1 million, a... More