The net sales represented an 11.7 percent increase over the net sales over the same period last year. The net loss for the first quarter was also higher than the same period last year, which was impacted by surgical non-cash items, non-recurring items and other adjustments. The company has provided a valuation allowance against a portion of its deferred tax assets due to the cumulative magnitude of such deferred tax assets.
The company's surgical implant business segment grew 8.3 percent over the same period last year to $17.8 million. The increase was driven by strong sales in the shoulder products — including the launch of the RSP Monoblock — and hip sales.
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DJO Global Net Sales Jump 11.7% FeaturedWritten by Laura Miller | April 30, 2012
DJO Global reported net sales of $278.9 million and net loss of $29 million during the first quarter of 2012.
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