ConforMIS: Q4 Earnings Snapshot

BILLERICA, Mass. (AP) — BILLERICA, Mass. (AP) — ConforMIS Inc. (CFMS) on Wednesday reported a loss of $3.7 million in its fourth quarter.

On a per-share basis, the Billerica, Massachusetts-based company said it had a loss of 51 cents.

The medical technology company posted revenue of $17.4 million in the period.

For the year, the company reported that its loss widened to $50.5 million, or $6.99 per share. Revenue was reported as $62.1 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.72. A year ago, they were trading at $16.45.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFMS at https://www.zacks.com/ap/CFMS

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up