ConforMIS Inc (CFMS) Releases Earnings Results, Beats Expectations By $0.03 EPS

ConforMIS Inc (CFMS) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $-0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.40. The company posted revenue of $20.30 million in the period, compared to analysts expectations of $19.22 million. The company’s revenue was up 38.1% compared to the same quarter last year.

ConforMIS Inc (CFMS) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.47 and reached the intraday high at $11.5875. The bulls started the profit booking and pushed the shares to intraday low of $10.91. The trading session was marked by a volume range of 1,67,893 shares exchanging hands. The 52-week high of the shares is $26.93 and the 52-week low is $7.555. The market cap of the company stands at $476 M and there are 4,15,69,337 shares in public circulation.

ConforMIS Inc. is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop manufacture and sell joint replacement implants that are individually sized and shaped to fit each patient’s anatomy. It is engaged in offering a line of customized knee implants designed to restore the natural shape of a patient’s knee. The Company has sold over 30000 knee implants in the United States and Europe. It also launched iTotal PS the Company’s posterior-stabilized total knee replacement implant which addresses the largest segment of the knee replacement market. The Company’s products are available in the United States Germany and the United Kingdom. Its products are offered to orthopedic surgeons hospitals and other medical facilities and patients. The Company’s iFit technology platform includes three elements: iFit Design iFit Printing and iFit Just-in-Time Delivery.

ConforMIS Inc

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