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Carlsmed's sales jumped 65% last quarter to $21.6 million, and they expect $78-$80 million this year.

ResultsRead the original at Benzinga
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Carlsmed grew Q3 sales 65%, raised its full-year sales forecast, and improved gross margin. Its adjusted loss remained $7.3 million, but growth and lower costs point to better prospects.

CARL · Carlsmed

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The AI's read

More surgeons are using Carlsmed’s system, and procedure volume rose 76% from a year earlier. Lower manufacturing costs also helped gross margin grow by 1.4 percentage points. The company’s adjusted loss was still $7.3 million, but it narrowed from $8.2 million. Sales growth and lower costs support a positive reading despite the continuing loss.

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