Safe Orthopaedics reported its 2017 fourth quarter and full year financial results for the financial year ending Dec. 31, 2017.
Here are five takeaways:
1. The company saw a 34 percent increase in 2017 year-end sales, from $1.4 million in 2016 to more than $1.9 million in 2017.
2. Safe Orthopaedics reported revenues reaching just over $3.8 million for the year, a 37 percent increase from the prior year.
3. As of Dec. 31, 2017, the company had $4.5 million in available cash. In 2016, the company had $4.4 million in cash.
4. Along with strong sales and revenue growth, Safe Orthopaedics expanded into Germany in 2017. The company also saw rapid expansion in Latin America.
5. The company also shuffled up its leadership in 2017 by hiring additional sales directors and representatives.