Aurora Spine's Q1 2024 sales grow 35.7%: 6 notes

Spinal Tech

Aurora Spine saw a 35.7% year-over-year increase in first quarter sales, according to financial results posted May 13.

Six notes:

1. Aurora Spine saw $4 million in first-quarter sales, a 35.7% increase from the same time in 2023.

2. The company saw a gross margin of 61.9%. That was a 10.2% increase year-over-year.

3. Sales of the SiLO-TFX sacroiliac joint implant and SiLo allograft implant made up 35.2% of quarterly sales.

4. The Zip 51 implant saw $544,190 in sales, an increase of 193% year-over-year.

5. Operating expenses in the first quarter were $2.75 million compared to $2.19 million in the first quarter of 2023.

6. Aurora Spine saw a net loss of $267,000 in the first quarter.

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