Financial

K2M’s revenue up 19.3% to $50.4M: 15 things to know

By Laura Dyrda

K2M reported total revenue growth in the first quarter, with domestic revenue up in all three company segments.

“K2M’s strong revenue growth in the first quarter of 2015 is a result of our continued focus on introducing innovative spinal products to meet the needs of our surgeon customers around the world,” said President and CEO Eric Major.

Here are 15 things to know:

1 Total reported revenue was up 19.3 percent year-over-year, reaching $50.4 million in the first quarter. The increase was due to greater sales volume from new surgeons in the United States as well as international distributor market growth.

2. United States revenue was up 18.1 percent year-over year while international revenue was up 22.2 percent year-over-year.

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