February 26, 2017
Wright Medical Group N.V. announced its fourth-quarter and full-year financial results for 2016.
For the fourth quarter of 2016, Wright Medical reported an increase of 16% in net sales from continuing operations which, according to a company press release, totaled $193 million. Non- generally accepted accounting principles (GAAP) pro forma net sales reportedly increased by 12% in the fourth quarter in constant currency, excluding the impact of conforming to Wright’s methodology for recognizing revenue in the fourth quarter of 2015. Net loss from continuing operations in the fourth quarter totaled $30 million, non-GAAP adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter of 2016 were $22.7 million.