Aurora Spine posted its strongest quarter to date, recording first-quarter revenues of $2.73 million.
What you should know:
1. Aurora Spine increased its quarterly revenues 82 percent from the same time in 2018.
2. Aurora's gross profit increased to $1.16 million in the first quarter, a year-over-year increase of more than $287,000.
3. The company's cash flow measured by EBITDAC was $86,000 for the quarter, a $13,000 year-over-year increase.
4. Aurora Spine's cervical screw and cage sales increased by $379,000, and its lumbar screw and cage sales increased by $827,000.
5. The company is developing a Posterior SI Joint fusion product as well as a ZIP-Flex interlaminar fixation device.
Aurora Spine President and CEO Trent Northcutt said: "We are pleased that our efforts are beginning to create value for our shareholders. ... We will look to extend our technology position further with minimally disruptive procedural solutions for the spine."