ConforMIS

ConforMIS is a privately held medical device company developing personalized, patient-specific implants and instrumentation for knee-related therapeutics. The Company transforms traditional CT and MRI data into patient-specific implants and instrumentation employing two related image-to-implant technology platforms. Both platforms are supported by proprietary, intellectual property consisting and pending patent applications that span imaging software, image processing, implant design, surgical techniques and orthopedic instrumentation. The technology and patent portfolio is applicable to all major joint systems. To date, ConforMIS has developed a comprehensive line of minimally traumatic implant solutions to address all stages of knee osteoarthritis, the most common reason for knee replacement surgery.

Company Growth (employees)
Type
Public
HQ
Bedford, US
Founded
2004
Size (employees)
383 (est)
ConforMIS was founded in 2004 and is headquartered in Bedford, US

Key People at ConforMIS

Amita Shah

Amita Shah

Vice President, Regulatory and Quality Affairs
John Slamin

John Slamin

Senior Vice President, Knee Implant Engineering
David Cerveny

David Cerveny

Senior Vice President, Intellectual Property & General Counsel
Adam Hayden

Adam Hayden

Vice President, Marketing

ConforMIS Office Locations

ConforMIS has an office in Bedford
Bedford, US (HQ)
28 Crosby Dr

ConforMIS Data and Metrics

ConforMIS Financial Metrics

ConforMIS's revenue was reported to be $20.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

20.5 m

Gross profit (Q1, 2017)

6.5 m

Gross profit margin (Q1, 2017), %

32%

Net income (Q1, 2017)

(17.2 m)

EBIT (Q1, 2017)

(17.3 m)

Market capitalization (17-Aug-2017)

146.9 m

Cash (31-Mar-2017)

36.4 m
ConforMIS's current market capitalization is $146.9 m.
USDFY, 2015FY, 2016

Revenue

66.9 m79.9 m

Revenue growth, %

19%

Cost of goods sold

42.4 m53.2 m

Gross profit

24.5 m26.7 m

Gross profit Margin, %

37%33%

Sales and marketing expense

40.2 m41.1 m

R&D expense

17 m16.6 m

General and administrative expense

23.2 m25.2 m

Operating expense total

80.4 m82.9 m

EBIT

(56 m)(56.1 m)

EBIT margin, %

(84%)(70%)

Interest expense

(1.4 m)(138 k)

Interest income

138 k487 k

Pre tax profit

(57.2 m)(57.5 m)

Income tax expense

41 k63 k

Net Income

(57.2 m)(57.6 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

19.2 m13.9 m20.3 m19.3 m18.6 m20.5 m

Cost of goods sold

10.7 m10.3 m13.2 m13.3 m12.6 m14 m

Gross profit

8.6 m3.6 m7 m6 m6 m6.5 m

Gross profit Margin, %

45%26%35%31%32%32%

Sales and marketing expense

9.8 m10.2 m11.5 m10.6 m9.3 m10.8 m

R&D expense

4.3 m3.9 m4.4 m4 m4.1 m4.6 m

General and administrative expense

5.4 m5.7 m6.3 m5.5 m5.5 m8.5 m

Operating expense total

19.4 m19.8 m22.2 m20.1 m18.9 m23.8 m

EBIT

(10.9 m)(16.2 m)(15.1 m)(14.1 m)(12.9 m)(17.3 m)

EBIT margin, %

(57%)(117%)(75%)(73%)(69%)(85%)

Interest expense

(245 k)(911 k)(25 k)(75 k)(4 k)(307 k)

Interest income

28 k24 k139 k143 k127 k103 k

Pre tax profit

(10.9 m)(17.1 m)(15 m)(14 m)(12.7 m)(17.2 m)

Income tax expense

11 k8 k4.3 k9 k14 k7 k

Net Income

(25.1 m)(42.3 m)(15 m)(29.1 m)(41.8 m)(17.2 m)
USDFY, 2015FY, 2016

Cash

117.2 m37.3 m

Accounts Receivable

14.9 m14.7 m

Inventories

11.5 m11.7 m

Current Assets

146 m95.8 m

PP&E

11 m15.1 m

Goodwill

753 k753 k

Total Assets

159.4 m112.8 m

Accounts Payable

4.7 m5.5 m

Total Debt

478 k

Current Liabilities

13.1 m14.3 m

Total Liabilities

18.8 m

Additional Paid-in Capital

467.1 m476.5 m

Retained Earnings

(325.3 m)(382.9 m)

Total Equity

141.2 m94.1 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.1 x1.2 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

14.5 m139.2 m76.6 m37.8 m35 m36.4 m

Accounts Receivable

11 m8.3 m13.5 m13.1 m13.8 m13.1 m

Inventories

9.4 m10.7 m11.9 m12 m11.8 m11.4 m

Current Assets

40.8 m160.3 m130.9 m109.4 m101.2 m91.6 m

PP&E

10.6 m10.7 m13.6 m13.7 m15 m15.8 m

Goodwill

753 k753 k753 k753 k753 k753 k

Total Assets

57.9 m173.7 m146.8 m130.1 m120.5 m113.8 m

Accounts Payable

4.5 m5.8 m5.7 m2.2 m4.4 m5.8 m

Current Liabilities

15.1 m13.4 m13.8 m9.7 m11.2 m14.9 m

Additional Paid-in Capital

321.1 m465.8 m468.8 m470.9 m472.8 m480 m

Retained Earnings

(293.2 m)(310.4 m)(340.4 m)(354.4 m)(367.2 m)(400.4 m)

Total Equity

27.5 m155.1 m128.1 m115.8 m104.8 m79.8 m

Financial Leverage

2.1 x1.1 x1.1 x1.1 x1.2 x1.4 x
USDFY, 2015FY, 2016

Net Income

(57.2 m)(57.6 m)

Depreciation and Amortization

2.6 m3.2 m

Accounts Receivable

(6.1 m)4 k

Inventories

(3.8 m)(200 k)

Accounts Payable

(8.7 m)

Cash From Operating Activities

(54.5 m)(49.1 m)

Purchases of PP&E

(4.6 m)(7.2 m)

Cash From Investing Activities

(806 k)(35.4 m)

Long-term Borrowings

(10.3 m)(485 k)

Cash From Financing Activities

134.6 m3.6 m

Interest Paid

1.3 m48 k

Income Taxes Paid

187 k52 k
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(25.1 m)(42.3 m)(15 m)(29.1 m)(41.8 m)(17.2 m)

Depreciation and Amortization

1.2 m1.9 m734 k1.5 m2.3 m843 k

Accounts Receivable

(2.1 m)687 k1.3 m1.6 m785 k1.6 m

Inventories

(1.7 m)(3 m)(399 k)(457 k)(235 k)337 k

Cash From Operating Activities

(21.4 m)(33.5 m)(11.3 m)(27 m)(36.8 m)(11.3 m)

Purchases of PP&E

(3 m)(3.7 m)(3.3 m)(4.2 m)(6.3 m)(1.5 m)

Cash From Investing Activities

(2.9 m)51 k(30.2 m)(53.8 m)(47 m)(5.9 m)

Long-term Borrowings

(137 k)(10.2 m)(72 k)(147 k)(224 k)

Cash From Financing Activities

668 k134.6 m753 k1.5 m2 m16.6 m

Interest Paid

484 k1.3 m8 k307 k

Income Taxes Paid

53 k65 k10 k130 k
USDY, 2017

Revenue/Employee

53.4 k

Financial Leverage

1.4 x

ConforMIS Market Value History

Traffic Overview of ConforMIS

ConforMIS Online and Social Media Presence

ConforMIS News and Updates

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