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SeaSpine reports 4Q loss

CARLSBAD, Calif. (AP) _ SeaSpine Holdings Corp. (SPNE) on Thursday reported a loss of $9.8 million in its fourth quarter.

The Carlsbad, California-based company said it had a loss of 87 cents per share.

The medical technology company posted revenue of $32.5 million in the period.

For the year, the company reported that its loss narrowed to $43.2 million, or $3.85 per share. Revenue was reported as $128.9 million.

SeaSpine expects full-year revenue in the range of $129 million to $133 million.

SeaSpine shares have dropped roughly 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.13, a decline of 45 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPNE at https://www.zacks.com/ap/SPNE


Keywords: SeaSpine Holdings, Earnings Report