Conformis (Nasdaq:CFMS) this week posted first-quarter results that beat the revenue consensus on Wall Street but missed earnings estimates. The Billerica, Massachusetts-based orthopedic device maker reported losses of $16 million, or -9¢ per share, on sales of $15.6 million for three months ended March 31, for a sales growth of 12.4% compared with Q1 2021. […]
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Conformis announces a credit card partnership
Conformis (Nasdaq:CFMS) officials are betting that a special credit card could get more people to opt for upgraded orthopedic surgeries. The Billerica, Massachusetts–based ortho surgery tech company at AAOS 2022 today announced a partnership with Synchrony (NYSE:SYF) to add Conformis’ Image-to-Implant Platinum Services program to Synchrony’s CareCredit credit card offering. More than 250,000 providers and […]
Conformis appoints chief legal officer, corporate secretary
Conformis (NSDQ:CFMS) this week announced that Denise Pedulla was appointed chief legal officer and corporate secretary. Prior to joining the Billerica, Massachusetts-based company, Pedulla served as the general counsel and corporate secretary for NeoGenomics. She has also held numerous leadership roles at Berkeley Research Group, Orthofix and Fresenius Medical Care. “We are pleased to announce […]
How medtech and pharma are responding to Russia’s invasion of Ukraine
Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion. Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than […]
Conformis misses on Q4 results
Conformis (NSDQ:CFMS) shares closed slightly down today on fourth-quarter results that missed the consensus forecast. The Billerica, Massachusetts-based company posted losses of nearly $16 million, or 9¢ per share, on sales of $15.3 million for the three months ended Dec. 31, 2021, for a large bottom-line slide deeper into the red on a sales decline […]
World Health Organization sending 36 metric tons of medical supplies to Ukraine
The World Health Organization today said that it is sending more than 36 metric tons of medical supplies to support the humanitarian emergency in Ukraine following Russia’s invasion last week. WHO Director-General Tedros Adhanom Ghebreyesus said the organization is sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of […]
Conformis launches Image-to-Implant Platinum Services program, provides financial update
Conformis (NSDQ:CFMS) today provided a business update introducing its new Image-to-Implant Platinum Services program to investors. Billerica, Massachusetts–based Conformis aims for its new Image-to-Implant Platinum Services program to allow patients to upgrade to a fully-personalized Identity knee system by paying an incremental deluxe services fee. According to a news release, the company’s program, new to […]
Conformis could face Nasdaq delisting
Conformis (NSDQ:CFMS) announced today that it is not in compliance with the minimum bid price requirement for continued Nasdaq listing. The company received a letter from Nasdaq on Dec. 31, 2021, notifying it that the closing bid price for its common stock had been below $1 for the previous 30 consecutive business days, meaning Conformis […]
Conformis misses with Q3 results
Conformis (NSDQ:CFMS) posted third-quarter results today that missed the consensus forecast on Wall Street. The Billerica, Massachusetts-based orthopedic medical device company reported a net loss of $13.0 million, or -$0.07 per share, on sales of $14.3 million for the three months ended Sept. 30. The third-quarter net loss grew 110% compared to Q3 2020, while […]
Conformis sales grow 189% in Street-beating Q2 results
Conformis (NSDQ:CFMS) posted second-quarter results today that beat the overall consensus on Wall Street. The Billerica, Mass.–based company reported profits of $38 million, or 21¢ per share, on sales of $56.3 million for the three months ended June 30, for a sales growth of 189.44% compared with Q2 2020. Earnings per share were 21¢, 17¢ ahead […]
MedTech 100 roundup: Industry continues climb
One week after hitting an all-time best mark, the medtech industry has done it again, reaching new heights on Wall Street. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — continued its rise, finishing the week (July 9) at 114.79 points, a rise of 0.2% from the 114.59-point mark […]
