Medical device company DJO Global posted results for its publicly reported subsidiary DJO Finance, reported a 3% increase in revenues and a 3% widening of losses.
The San Diego, Calif. company reported losses of $20.8 million on sales of $294.7 million for the 3 months ended June 29, 2013. That compared with losses of $20.2 million on sales of $286 million during the same period in 2012.
Medical device giant Covidien is doubling down on emerging markets, expanding an investment program that the company had, at one point, thought would be over by the end of 2013.
Super Bowl advertisers spent about $4 million for each 30-second spot during the big game Sunday, but 1 medical device company scored far more airtime with some pretty savvy product placement on 2 of the game’s biggest stars.
DonJoy, a division of Vista, Calif.-based DJO Global, outfitted both Baltimore Ravens linebacker Ray Lewis and San Francisco 49ers defensive tackle Justin Smith with custom versions of its X-Act ROM elbow brace. Both players had suffered torn triceps earlier in the season.
DJO Global made some progress during its 3rd quarter, reporting in the red but narrowing its losses by 12.4% along the way.
The San Diego, Calif.-based medical device company posted $22.6 million in net losses on sales of $274 million for the 3 months ended Sept. 29. That compared with a net loss of $25.8 million, on sales of $263 million during the same period last year.
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DJO Global is hoping its OA Nano knee brace can help patients get a leg up on knee replacement surgery.
Calling it a "game-changer," DJO sales & marking director Brian Moore told MassDevice that at 14.2 ounces, the OA nano is the lightest knee brace of its kind in the world. And the Vista, Calif.-based medical device company is hoping more knee pain or osteoarthritis sufferers can use the brace to forgo total knee replacement surgery, possibly for years.
Thoratec (NSDQ:THOR) started today up 7.2% as investors reacted to its stellar 1st-quarter numbers, but by the time the market closed THOR shares had fallen back to Earth to close at $34.46, down 0.1%.
The heart pump maker posted profits of $25.5 million, or 43¢ per diluted share, on sales of $126.8 million for the 3 months ended March 31.