Financial

Life Spine Achieves Unparalleled Financial Results and a 50% Sales Growth Rate in Q2 2016

July 18, 2016

 

HUNTLEY, Ill.–(BUSINESS WIRE)–Life Spine, a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spinal disorders, announced today that revenues for the first half of 2016 grew by 44% over the same period in 2015. Revenues for the second quarter of 2016 grew by 50% as compared to the same period last year.

“We reported strong second quarter results, including record revenue, which increased 50% over the same quarter last year,” said Omar Faruqi, Chief Financial Officer for Life Spine. “Because we are offering full procedural solutions and have twenty ground-breaking products launching this year, we anticipate this strong uptrend to continue in 2016 and in the long-term.”

About Life Spine

Life Spine is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and the most technologically advanced manufacturing platforms. Life Spine, which is privately held, is based in Huntley, Illinois. For more information, please visit:http://www.lifespine.com.

Life Spine is a registered trademark.

Contacts

Life Spine
Mr. Rick Greiber
Vice President of Business Development
847-884-6117
rgreiber@lifespine.com

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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