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Xtant Medical Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Xtant Medical Holdings, Inc. (XTNT) 
US:NASDAQ Investor Relations: investor.xtantmedical.com
Company Research Source: Yahoo! Finance
BELGRADE, MT / ACCESSWIRE / November 12, 2024 / Xtant Medical Holdings, Inc. (NYSE American:XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today reported financial and operating results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenue of $27.9 million, up 12%, compared to the prior year quarter; year to date revenue of $85.8 million, up 36% compared to prior year period Gross margin of 58.4% compared to 61.3% for the prior year quarter Net loss of $5.0 million compared to net income of $9.2 million in the prior year quarter which included a $11.0 million bargain purchase gain related to the acquisition of Surgalign Holdings Adjusted EBITDA of $(196,000) compared to $440,000 in the prior year quarter Recent Business Highlights Launched OsteoVive+, a moldable, viable bone matrix for use in a variety of grafting procedures Launched Cortera Posterior Fixation Sy Show less Read more
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