Financial

ArthroCare Total Revenue Increases by 10.6% to $87.9M

ArthroCare reported total revenue for the third quarter of 2010 at $87.9 million, a 10.6 percent increase from the third quarter of 2009, according to a company news release.

The company’s success can be attributed to a decrease in sales and marketing expenses as a result of lower product demonstration costs. The company also experienced a decrease in bad debt allowance requirements due to an improved accounts receivable performance. A decline in American sales was off-set by increased international product sales.

The product sales in ArthroCare’s sports medicine division were reported as $6.4 million, a 12.6 percent increase from the third quarter of 2009. Sales of spine products declined during the third quarter of 2010.

Read the release on ArthroCare’s 3Q FY 2010 financial report.

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Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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