Medical device company SeaSpine expects to see first-quarter revenue up to $42 million.
Here are five takeaways from the company's preliminary report:
1. Revenue is expected to be $41.5 million to $42 million, which would be a 17 to 18 percent increase in sales per day compared to the same time last year.
2. Revenue from U.S. spinal implants is expected to reflect a 28 to 29 percent increase in sales per day from the same time last year.
3. Revenue from U.S. orthobiologics is expected to reflect an 11 to 12 percent increase in sales per day from the same time last year.
4. Cash, cash equivalents and investments were expected to be $88 million at March 31.
5. SeaSpine expects full-year 2021 revenue to reach $200 million to $205 million after its planned acquisition of 7D Surgical in the second quarter.