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Ldr Holding Corporation Announces Preliminary Revenue Results For Third Quarter 2015

The following excerpt is from the company's SEC filing.

AUSTIN, Texas, October 8, 2015 - LDR Holding Corporation (NASDAQ: LDRH), a global medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders, today announced preliminary estimated revenue results for the third quarter ended September 30, 2015. For the third quarter ended September 30, 2015, the company expects to report:

Total revenue of approximately

$39.3 million

, an increase of

over the third quarter of 2014, or an increase of 14.2% on a constant currency basis.

Re venue from exclusive technology products of approximately

$36.7 million

over the third quarter of 2014, or an increase of 18.0% on a constant currency basis.

Revenue in the United States of approximately

$32.3 million

over the third quarter of 2014, and representing

of total revenue.

International revenue of approximately

$7.0 million

, a decrease of

over the third quarter of 2014. On a constant currency basis, international revenue increased 11.4%.

Revenue from the Company’s exclusive cervical products is expected to be approximately

$27.5 million

over the third quarter of 2014, or an increase of 25.2% on a constant currency basis, due principally to the growth from sales of the Mobi-C

Cervical Disc. Additionally, revenue from LDR's exclusive lumbar products is expected to be approximately

$9.2 million

over the third quarter of 2014, or an increase of 0.5% on a constant currency basis.

Christophe Lavigne, President and Chief Executive Officer of LDR, commented, “I am pleased with the growth from our exclusive technology products during the third quarter of 2015, which grew 18% on a constant currency basis. We continue to execute on our exclusive technology strategy, with

of total revenue in the third quarter of 2015 generated by our cervical and lumbar exclusive technology products compared to

in the third quarter of 2014. This reflects the growing demand for Mobi-C and our VerteBRIDGE

platform technologies. Seasonality was more pronounced in the third quarter of 2015 compared to the third quarter of 2014. Any seasonality impact in the prior year quarter was muted given that it was the first full year of Mobi-C commercial launch in the United States.”

2015 Guidance

Based on LDR’s preliminary results for the quarter ended September 30, 2015, the Company is reaffirming its expected revenue growth for the full year 2015 to be in the range of 19.0% to 20.0%, before any foreign exchange impact. This implies revenues, before any foreign exchange impact, in the range of approximately $168.1 million to $169.5 million for the full year 2015. Based on current foreign exchange rates, changes in foreign exchange rates are expected to negatively impact...


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