• Operating loss improves by 50% and reduces to €0.8m
• EBITDA improves by 70% and reduces to € -0.5m
• Gross margin increases to 86.3%
• Cash at €0.9m and financing for up to Euro 9.0m secured
PARIS and SAN FRANCISCO, Sept. 18, 2018 – 18h00 CET – SpineGuard (FR0011464452 – ALSGD), an innovative company that designs, develops, and markets disposable medical devices intended to make spine surgery safer by bringing real-time digital technology into the operating room, announced today financial results for the half year ending June 30, 2018, as approved by the Board of Directors on September 18, 2018.
Stéphane Bette, CEO of SpineGuard, said: “Our results are in line with our objectives and demonstrate that we are moving toward our operational profitability goal by year-end. Strengthened by our recent financings, we will continue to invest for our growth with a focus on the United States, the DSG smart screw as well as to prepare for the future with the digital and robotic applications of our DSG® technology.”
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