Financial

Astura Medical Reports 312% Annual Revenue Growth in 2017

CARLSBAD, CA – March 14, 2018 – Astura Medical, a high-growth, innovative spine technology company, today reported an annual revenue increase of 312% for the full year ending Dec. 31, 2017.

“Our market-leading growth rate in 2017 can be attributed to a number of factors, but it’s our rapidly increasing network of surgeon and distributor partners throughout the country that is the real validation on the quality of our technology and performance of our team,” said Joel Gambrell, President and CEO of Astura Medical.

2017 was highlighted by a number of other achievements for Astura, including the 510k approval and initial release of the BRIDALVEIL Occipital-Cervico-Thoracic (OCT) System, several key personnel hires, and significantly increasing inventory to support the rising demand for the company’s product portfolio.

“As we look ahead, we anticipate further growth to come from the continued success of our Phase One suite of products and our recent full commercial release of Bridalveil OCT,” stated Mr. Gambrell. “Our current momentum combined with the scheduled launch of our MIS Platform later this year, which will include an MIS Percutaneous Screw System and Expandable Posterior Lumbar Interbody Cages, positions us well for a strong performance in 2018.”

About Astura Medical

Astura Medical was formed in 2014 with the objective of creating a disciplined, multi-phased approach to developing, manufacturing, and distributing medical devices. With surgeon input and feedback at every stage of development, Astura has created an extensive line of devices of the highest quality and sleekest design.

The two essential pillars that contribute to Astura Medical’s success are high quality products and robust distribution channels. These pillars, combined with passion and innovation, are what drive the Astura team to achieve great success with developing devices and entering them into the marketplace.

 

For more information, please visit www.asturamedical.com or find us on LinkedIn.

Media Contact:

Steve Haayen

Astura Medical

858.472.8825

steve@asturamedical.com

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Mason Krell

Mason began his career in the Orthopedic Industry in 2017 when he joined The De Angelis Group as a Research Manager. He has developed a strong network within the industry and is very dedicated to helping companies maximize opportunities and disrupt markets.

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