Aurora Spine to Host ZOOM Call with Alpha Wolf Trading CEO Tim Weintraut

In This Article:

Aurora Spine Corporation
Aurora Spine Corporation

CARLSBAD, CA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, is excited to announce a recorded ZOOM call on September 13, 2024 with Trent Northcutt, CEO of Aurora Spine, and Tim Weintraut, CEO of Alpha Wolf Trading/Blog. The conversation will focus on Aurora's latest innovations, exciting clinical results, and the company's continued financial success.

Key Discussion Points Include:

  • DEXA™ Technology – Aurora's cutting-edge, patient-specific interbody implant technology designed to optimize spinal surgery outcomes.

  • New Product Launches – Introducing the New Hydra and Osteo-Onyx  Lumbar Screw Systems (Degen, Scoli/Deformity, and MIS), advancing the precision and reliability of spinal fixation with proprietary HYDRA RST™ (Roughened Surface Technology). Pioneering complex spine, trauma, deformity, and minimally invasive spinal systems.

  • ZIP™ Multi-Center Study Results – Showcasing the impressive outcomes from the ZIP study, further validating Aurora’s ZIP™ technology as a breakthrough in minimally invasive spine procedures.

  • SiLO™ TFX SI Joint Fusion System – Now the fastest-growing product in Aurora’s portfolio, the SiLO TFX system continues to gain traction within the pain management market.

Financial and Business Highlights:

  • Continued Positive EBITDAC – Q2 2024 EBITDAC stood at $105,522, a significant improvement from ($163,660) in Q2 2023, marking a positive swing of $269,182. This achievement represents the fourth consecutive quarter of positive EBITDAC, underscoring Aurora’s sustained profitability.

  • Robust Sales Growth – Q2 2024 sales reached $4,079,543, an increase of $510,960 or 14.3% compared to $3,568,583 in Q2 2023. This marks the third consecutive quarter with revenue surpassing $4 million, driven by demand for Aurora’s advanced spine solutions.

  • Enhanced Profit Margins – Q2 gross margin improved to 62.4%, a 5.5% increase from the 56.9% margin in Q2 2023. This growth was fueled by the increased sales of higher-margin implants, alongside lower distributor commissions.

  • Surge in SiLO™ Sales – The SiLO™ TFX SI joint fusion system and allograft implants generated $1.7 million in sales, accounting for 41.7% of Q2 revenue, a significant jump from $795K (22.3% of revenue) in Q2 2023. Sales of the SiLO™ TFX system grew by 20.4% from Q1 to Q2 2024, marking Aurora’s expansion into the pain management market.

  • ZIP™ 51 Sales Double – The ZIP™ 51 implant sales nearly doubled in Q2 2024, reaching $669,316, a 93.7% increase from $345,505 in Q2 2023, driven by strong marketing efforts and increased surgeon adoption.

  • Expanding Sales Force – Aurora continues to scale its sales team, which contributed to its sales growth. New additions to the sales force are expected to onboard more surgeons into Aurora’s expanding ecosystem.

  • Advanced Training Initiatives – Aurora remains committed to excellence by hosting advanced training sessions and cadaver labs for top orthopedic, neurosurgical, and pain management physicians, demonstrating the clinical advantages of the ZIP™ and SiLO™ systems.