July 26, 2016 3:35 AM ET

Healthcare Equipment and Supplies

Company Overview of ConforMIS, Inc.

Company Overview

ConforMIS, Inc., a medical technology company, develops, manufactures, and sells customized joint replacement implants. The company offers customized knee replacement products, including iTotal CR, a cruciate-retaining product; iTotal PS, a posterior cruciate ligament substituting product; iDuo, a customized bicompartmental knee replacement system; and iUni, a customized unicompartmental knee replacement product for treatment of the medial or lateral compartment of the knee, as well as provides iJigs, customized single-use patient-specific instruments. It is also developing iTotal Hip, a customized total hip replacement implant. The company markets and sells its products through direct sales...

28 Crosby Drive

Bedford, MA 01730

United States

Founded in 2004

380 Employees

Phone:

781-345-9001

Fax:

781-345-0147

Key Executives for ConforMIS, Inc.

Founder, Chief Executive Officer, President, Director and Member of Asia Strategy Committee
Age: 53
Total Annual Compensation: $387.5K
Chief Financial Officer
Age: 52
Total Annual Compensation: $322.5K
Chief Technology Officer
Age: 47
Total Annual Compensation: $275.4K
Compensation as of Fiscal Year 2015.

ConforMIS, Inc. Key Developments

ConforMis, Inc. Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter and Full Year of 2016

ConforMIS, Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenue of $20,250,000 compared to $14,700,000 a year ago. Loss from operations was $15,144,000 compared with $14,063,000 a year ago. Net loss was $15,034,000 compared with $14,257,000 a year ago. Basic and Diluted loss per share were $0.37 compared with $3.32 a year ago. Loss before income taxes was $15,030,000 compared with $14,247,000 a year ago. For the second quarter, the company expects total revenue in a range of $17.7 million to $18.7 million and product revenue in a range of $17.5 million to $18.5 million, representing year-over-year product revenue growth of 11% to 17% on a reported basis and a constant currency basis. For the full year of 2016, the company expects total revenue in a range of $76 million to $81 million, from previous guidance in a range of $84 million to $87 million.  Product revenue in a range of $75 million to $80 million, representing year-over-year growth of 19% to 27% on a reported basis and 20% to 28% on a constant currency basis.  This is updated from previous guidance in a range of $83 million to $86 million, representing year-over-year growth of 32% to 37% on a reported basis and 33% to 38% on a constant currency basis. Royalty revenue guidance of approximately $0.8 million related to ongoing patent license royalty payments has not changed.

ConforMIS, Inc. Announces Departure of Philipp Lang as President Chief Executive Officer

ConforMIS, Inc. Board of Directors has retained an executive search firm to search for a new President and Chief Executive Officer to succeed Dr. Philipp Lang. The company expects that Dr. Lang will remain the CEO until the successor has been appointed and Dr. Lang will continue to serve on the Board of Directors.

ConforMIS, Inc. to Report Q1, 2016 Results on May 12, 2016

ConforMIS, Inc. announced that they will report Q1, 2016 results at 9:05 PM, GMT Standard Time on May 12, 2016

Similar Private Companies By Industry

Company Name Region
.decimal, Inc. United States
20/20 GeneSystems, Inc. United States
20/20 Imaging LLC United States
21st Century Scientific, Inc. United States
21X Corporation United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact ConforMIS, Inc., please visit www.conformis.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.