Amedica reported its 2016 preliminary earnings for the fourth quarter and fiscal year, ended Dec. 31.
Here are 10 highlights:
1. The company reported preliminary revenue of $3.6 million in the fourth quarter of 2016.
2. Preliminary GAAP net loss was $0.16 per share in the fourth quarter of 2016, compared to $0.57 per share in the fourth quarter of 2015.
3. In 2016, Amedica saw revenue of $15.2 million.
4. Preliminary GAAP net loss was $1.19 per share for the full year of 2016.
5. As of Dec. 31, 206, Amedica's cash and cash equivalents were $6.9 million.
6. Amedica decreased its total debt to about $4 million, a reduction from the $24.3 million in July 2015.
7. Surgeons have completed more than 60 surgeries with Amedica's Taurus Pedicle Screw System since its approval in November 2016. The company saw $450,000 in revenue from the system with an additional 10 surgeons trialing the system.
8. Since the end of 2016, Amedica has seen a 12 percent jump in surgeon users.
9. Amedica also reported a 10 percent increase in sales agents compared to the end of 2016.
10. Looking ahead, the company is focused on boosting revenue in Brazil, Europe and Australia.