WEST CHESTER, Pa., Oct. 17, 2024 /PRNewswire/ -- Centinel Spine®, LLC ("the Company"), the leading global medical device company focused exclusively on treating cervical and lumbar spinal disease with the most complete and clinically-proven total disc replacement (TDR) technology platform in the world (prodisc®), today announced achievement of record revenue in the third quarter of 2024—outperforming Q2 2024, its previous record quarter.
Centinel Spine remains one of the fastest growing companies in the spine industry* and is dedicated exclusively to total disc replacement, one of the fastest growing segments in orthopedic implants.
The Company remains well-positioned from a profitability perspective, achieving a record EBITDA quarter in Q3 2024,** its sixth consecutive adjusted EBITDA positive quarter.
Third Quarter 2024 Highlights
Highlights on the New prodisc C Vivo & prodisc C SK Cervical System
Centinel Spine CEO Steve Murray adds, "We are pleased to again report record quarterly revenue and a continually growing number of surgeons choosing our complete prodisc Cervical and Lumbar Total Disc Replacement systems in Q3 2024. The total disc replacement market is growing worldwide, and Centinel Spine's momentum is a driving force in making this happen. Across our business, we have built scalable capacity and capabilities to serve more and more surgeons and patients. We are united and driven by our purpose of advancing spine care with proven motion preservation technologies."
* Based on publicly available information.
** Q3 2024 adjusted EBITDA is based on unaudited financials.
About Centinel Spine, LLC
Centinel Spine®, LLC is the leading global medical device company exclusively focused on addressing cervical and lumbar spinal disease with prodisc®, the most complete total disc replacement (TDR) technology platform in the world.
The Company's prodisc technology is the most studied and clinically-proven TDR system across the globe, validated by over 540 published papers and more than 250,000 implantations. Centinel Spine's prodisc is the only TDR technology with multiple motion-preserving anatomic solutions, allowing the surgeon to Match-the-Disc™ to each patient's anatomy for both cervical and lumbar total disc replacement.
For more information, please visit the company's website at www.CentinelSpine.com or contact:
Varun Gandhi
Chief Financial Officer
900 Airport Road, Suite 3B
West Chester, PA 19380
Phone: 484-887-8871
Email: v.gandhi@centinelspine.com
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SOURCE Centinel Spine, LLC