SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Si-Bone Inc. (SIBN) on Monday reported a loss of $10.9 million in its first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 27 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The medical device maker posted revenue of $37.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $36.4 million.
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