BEDFORD, Mass., Feb. 15, 2017 (GLOBE NEWSWIRE) -- ConforMIS, Inc. (NASDAQ:CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are customized to fit each patient's unique anatomy, announced today financial results for the fourth quarter and the year ended December 31, 2016.
Q4 Summary:
- Total revenue of $21.7 million, up 14% year-over-year on a reported and constant currency basis
- Product revenue of $21.4 million, up 14% year-over-year on a reported and constant currency basis
-- U.S. product revenue increased 21% year-over-year
-- Rest of World product revenue decreased 11% year-over-year on a reported basis and decreased 8% year-over-year on a constant currency basis - On January 6, 2017, the Company secured up to $50 million in debt financing from Oxford Finance LLC
