Fourth Quarter 2019 Highlights
- Revenue of approximately
$310 million, increased approximately 8% on both a reported and constant currency basis;
- U.S. Spinal Hardware revenue increased approximately 8%;
- U.S. Surgical Support revenue increased approximately 3%; and
- International revenue increased approximately 14% on a reported and constant currency basis.
Full Year 2019 Highlights
- Revenue of approximately
$1.17 billion, increased approximately 6% on a reported basis and approximately 7% on a constant currency basis;
- U.S. Spinal Hardware revenue increased approximately 7%;
- U.S. Surgical Support revenue increased approximately 1%; and
- International revenue increased approximately 10% on a reported basis and 12% on a constant currency basis.
NuVasive will report its full financial results for 2019 and provide its financial outlook for 2020 during its earnings announcement planned for late February.
NuVasive will participate in the 38th Annual J.P. Morgan Healthcare Conference on Wednesday, Jan. 15 at the Westin St. Francis in San Francisco. Mr. Barry will represent the Company in a presentation scheduled for 10:00 a.m. PT/
A live webcast of the presentation will be available online from the Investor Relations page of the Company's website at www.nuvasive.com. A replay of the presentation will remain available on the website for 30 days after the live webcast.
NuVasive cautions you that statements included in this news release that are not a description of historical facts are forward-looking statements that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause NuVasive's results to differ materially from historical results or those expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the Company's expected revenue results for the fourth quarter and full year 2019. The Company's expectations for fourth quarter and full year 2019 revenue results are preliminary and unaudited and are subject to adjustment in the ongoing review and audit procedures by the Company's external auditors. The following important factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the completion of the audit of the Company's 2019 financial results, including the risk of adjustment to its preliminary fourth quarter and full year revenue results; the risk of further adjustment to future financial expectations; unanticipated difficulty in selling products, generating revenue or producing expected profitability; and the other risks and uncertainties described in NuVasive's news releases and periodic filings with the Securities and Exchange Commission. NuVasive's public filings with the Securities and Exchange Commission are available at www.sec.gov. NuVasive assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.
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Investor Contact: Suzanne Hatcher; NuVasive, Inc.; 858-458-2240; firstname.lastname@example.org OR Media Contact: Jessica Tieszen; NuVasive, Inc.; 858-736-0364; email@example.com