Bob McNamara, CFO of LDR Holding Corp (LDRH), says that for the time being, the company is focused on growing its revenue. He says management has chosen not to be profitable at this point in order to invest in the company’s future.
“To address the growth perspective, both lumbar and cervical are growing at double-digit growth,” McNamara says. “We had over 20% growth over the last three quarters. Since going public, and certainly last year, lumbar grew 15% and cervical at 34%.”
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McNamara says management views its Mobi-C product as a unique opportunity for future growth. He says the product has a superiority claim that competitors don’t have.
“If you think about generally what it would take to be profitable, I would say, revenues of approximately $180 million to $200 million,” McNamara says. “And so if you consider our growth rate, you can calculate when we might be there, but right now, we are focusing on investing into topline growth.”
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