Boston, MA 03/14/2014 (wallstreetpr) – LDR Holding Corp (NASDAQ:LDRH) a pioneer in the design and commercialization of surgical technologies mainly used in the treatment of patients with spine disorders reached a new milestone with its VertBRIDGE plating technology by registering more than 50,000 implantations worldwide
VertBRIDGE since its inception has grown to be a comprehensive platform of products adapted for use in anterior cervical, lumbar and lateral lumbar as well as oblique lumbar. The company has announced that it is planning to further the development of the technology as a way of expanding into new applications which will be of benefit to pathologists.
LDR Holding Fourth quarter and full year results
LDR Holding Corp (NASDAQ:LDRH) last posted its fourth quarter and full year results on February 27 which were impressive considering total revenues for the fourth quarter were up by 28.1% coming in at $32 million.
Fourth quarter highlights
LDR Holding revenue from exclusive technology products were up by 32.9% coming in at $27.5 million with traditional fusion products total revenues coming in at $4.5 million a growth of 5.1%. Cervical products sales on the other hand grew by 31.8% in the quarter.
Gross profit for the quarter came in at $26.6 million with gross margins of $83.2% compared to gross profits of $20.9 million reported in the fourth quarter of 2012 with gross margins of 83.7%.
For the full year LDR Holding Corp (NASDAQ:LDRH)’s total revenue raised to $116.1 million a growth of 22.7% compared to revenues of $90.9 million reported in 2012. LDR Holding’s exclusive technology revenue grew by 27.5% coming in at $92.8 million with revenue from fusion products growing by 3.7% to come in at $18.8 million
Gross profit for the year stood at $93.6 million at the back of gross margins of $83.9% compared to gross profits of $76.1 million and gross margin of $83.8% reported in 2012
LDR Holding Corp (NASDAQ:LDRH) remained slightly unchanged on Thursday’s trading session going up by 0.35% to close the day at a high of $39.58.
