ConforMIS, Inc. Provides Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2017
January 24, 2018 at 04:35 pm EST
CConforMIS, Inc. provides earnings guidance for the fourth quarter and year ended December 31, 2017. The company announced that its gross profit is expected to be approximately $28.8 million, or approximately 37% of revenue, for the year ended December 31, 2017, as compared to $26.7 million, or 33% of revenue, for year ended 2016.
In addition, the company announced that it expects gross margin for the quarter ended December 31, 2017 to be approximately 42%. Total debt is expected to be approximately $30 million, and cash used (including cash equivalents and investments) for the quarter ended December 31, 2017 is projected to be approximately $9.3 million.