Bacterin increased total revenue and profit in the first quarter.
Here are eight things to know:
1. Bacterin revenue was up 6.6 percent to $9.5 million in the first quarter.
2. The company's gross profit increased 9.6 percent to $6 million and gross margins improved 63.5 percent.
3. The first quarter sales and marketing expenses were up, hitting $4.7 million, and sales and marketing increased 49.6 percent as a percentage of net revenue in the first quarter this year.
4. The general and administrative expenses increased slightly to $2.4 million and as a percentage of revenues, general and administrative expenses declined from 25.7 percent of revenue in the fourth quarter.
5. The first quarter research and development increased significantly to $434,000 as the company continues to invest in product line extensions and clinical studies to support products.
6. First quarter loss from operations was around $1.7 million, increasing in the first quarter primarily due to ongoing execution of its strategy to increase and enhance field sales assets to drive future revenue growth as well as expanding product development initiatives.
7. Bacterin reported net loss at $4.2 million, essentially flat over the same period last year.
8. Bacterin reaffirmed revenue guidance of $40 million to $42 million for the 2015 full year.