Exactech reported net income of $3.3 million during the first quarter of 2012, a slight increase over the same period in 2011.
The increased income was driven by revenues and gross margin increases as a result of the company’s direct operation transitions and international markets. Research and development expenses increased 18 percent to $2.1 million, prompting a 29 percent increase in operating profit.
Source: http://beckersorthopedicandspine.com/orthopedic-a-spine-device-a-implant-news/item/11787-exactech-hip–knee-revenue-up-spine-drops-13



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