Business & Finance
NuVasive achieves GAAP net income of USD11.5m for Q2 2018
1 August 2018 -

Spine technology company NuVasive Inc (NASDAQ:NUVA) disclosed on Tuesday that its GAAP net income was USD11.5m (USD0.22 per share) for the second quarter ended 30 June 2018.

This is compared with GAAP net income of USD12.2m (USD0.21 per share) for the second quarter 2017.

Total revenue of USD281.6m were generated in the second quarter 2018, up 8.5% from USD259.4m for the second quarter 2017.

For the second quarter 2018, GAAP and non-GAAP gross margin was 72.6% and 72.8%, respectively, over GAAP and non-GAAP gross margin of 74.5% for the second quarter 2017, which were impacted by in-source manufacturing efforts at the West Carrollton facility, which are expected to improve over the second half of 2018.

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