K2M Group (KTWO) Growth Driven by New products and Expanding Distribution; Needham & Company Cuts Price Target to $25
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K2M Group Holdings, Inc. Reports Third Quarter Revenue Growth of 16.7% in Constant Currency and Increases Fiscal Year 2015 Revenue Guidance Range
November 3, 2015 4:09 PM ESTLEESBURG, Va., Nov. 3, 2015 (GLOBE NEWSWIRE) -- K2M Group Holdings, Inc. (Nasdaq: KTWO) (the "Company" or "K2M"), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine and minimally invasive technologies and techniques, today reported financial results for the third quarter ended September 30, 2015.
Third Quarter Financial Summary:
Total reported revenue of $55.0 million, up 15.5% year-over-year. Total revenue increased 16.7% year-over-year on a constant currency basis. Domestic revenue of $39.5 million, up 14.8% year-over-year U.S. Complex Spine growth of 15.5% year-over-year U.S. Minimally Invasive Surgery (MIS) growth of... MoreK2M Group Holdings, Inc. Reports Third Quarter Revenue Growth of 16.7% in Constant Currency and Increases Fiscal Year 2015 Revenue Guidance Range
November 3, 2015 4:09 PM ESTLEESBURG, Va., Nov. 3, 2015 (GLOBE NEWSWIRE) -- K2M Group Holdings, Inc. (Nasdaq: KTWO) (the "Company" or "K2M"), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine and minimally invasive technologies and techniques, today reported financial results for the third quarter ended September 30, 2015.
Third Quarter Financial Summary:
Total reported revenue of $55.0 million, up 15.5% year-over-year. Total revenue increased 16.7% year-over-year on a constant currency basis. Domestic revenue of $39.5 million, up 14.8% year-over-year U.S. Complex Spine growth of 15.5% year-over-year U.S. Minimally Invasive Surgery (MIS) growth of... More