Alachua, Fla.-based RTI Surgical reported its full-year and fourth quarter 2016 financial results.
The company anticipates full-year 2017 revenues to fall between $274 million and $285 million.
Q4 2016 results
1. RTI experienced a net loss of $12 million or $0.21 per fully diluted share.
2. The company's worldwide revenues totaled $71.3 million, reflecting a 6 percent decrease from the same period the year prior.
3. RTI's domestic revenues totaled $64.6 million, representing a 9 percent decrease from Q4 of 2015.
4. International revenues totaled $6.8 million, reflecting a 24 percent increase from the same period the year prior, due to spine growth in Asia.
5. Direct revenues increased 22 percent to $44.5 million.
6. The company's spine business continues to grow, due to increases in surgeon users and distributor relationships.
Full-year 2016 results
7. Worldwide revenue increased to $272.9 million, down 3 percent from 2015 revenues.
8. Domestic revenues decreased 5 percent to $247.8 million from last year.
9. The company's international revenues rose to $25.1 million, reflecting a 15 percent increase compared to 2015 revenues. On a constant currency basis, 2016 international revenues increased 15 percent compared to 2015 revenues.
10. The year saw direct revenues of $160.8 million, a 16 percent increase from 2015 direct revenues.
11. RTI saw double-digit growth in its spine, surgical specialties, cardiothoracic and international businesses.