UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 24, 2014
RTI SURGICAL, INC.
(Exact Name of Registrant as Specified in its Charter)
|
|
|
|
|
Delaware |
|
0-31271 |
|
59-3466543 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
|
|
11621 Research Circle, Alachua, Florida |
|
32615 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrants telephone number, including area code: (386) 418-8888
not applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. |
Results of Operations and Financial Condition. |
On July 24, 2014, RTI Surgical,
Inc. (the Company) issued a press release announcing its financial results for the quarter ended June 30, 2014. A copy of this press release is furnished herewith as Exhibit 99.1.
The information furnished herewith pursuant to Item 2.02 of this Current Report, including Exhibit 99.1, shall not be deemed to be
filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section. The information in this Current Report shall not be
incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
|
|
|
|
|
99.1 |
|
Press Release issued by the Company dated July 24, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
RTI SURGICAL, INC. |
|
|
|
|
Date: July 24, 2014 |
|
|
|
By: |
|
/s/ Robert P. Jordheim |
|
|
|
|
Name: |
|
Robert P. Jordheim |
|
|
|
|
Title: |
|
Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
RTI Surgical, Inc.
Form 8-K
Current Report
|
|
|
Exhibit Number |
|
Description of Document |
|
|
99.1 |
|
Press Release issued by the Company dated July 24, 2014. |
Exhibit 99.1
|
|
|
FOR RELEASE AT 8:00 AM ET |
|
For more information, contact: |
JULY 24, 2014 |
|
Robert Jordheim |
|
|
Chief Financial Officer |
|
|
rjordheim@rtix.com |
|
|
|
|
Wendy Crites Wacker, APR |
|
|
Executive Director, Global Communications |
|
|
wwacker@rtix.com |
|
|
|
|
Phone (386) 418-8888 |
RTI SURGICAL ANNOUNCES 2014 SECOND QUARTER RESULTS
Raises revenue and earnings guidance for full year 2014
Company Will Hold Conference Call at 8:30 a.m. ET
ALACHUA, Fla. (July 24, 2014) RTI Surgical Inc. (RTI) (Nasdaq: RTIX), a global surgical implant company, reported operating results for the
second quarter of 2014 as follows:
Quarterly Highlights:
|
|
|
Achieved revenues of $66 million, exceeding revenue guidance of $62 to $63 million. |
|
|
|
Achieved revenues of $21.3 million in the spine business, a 12 percent sequential increase over the previous quarter. |
|
|
|
Achieved revenues of $8.9 million in the orthofixation business, an 18 percent sequential increase over the previous quarter. |
|
|
|
Achieved revenues of $7 million in the international business, an 18 percent sequential increase over the previous quarter. |
|
|
|
Launched the Streamline OCT System designed to promote fusion of the occipto-cervico-thoracic spine for the spine business. |
|
|
|
Announced first implantation of strips configuration of map3 Cellular Allogeneic Bone Graft. |
Worldwide
revenues were $66 million for the second quarter of 2014 compared to revenues of $42.3 million for the second quarter of 2013. Domestic revenues were $59 million for the second quarter of 2014 compared to revenues of $37.4 million for the second
quarter of 2013. International revenues were $7 million for the second quarter of 2014 compared to revenues of $4.9 million for the second quarter of 2013. On a constant currency basis, international revenues for the second quarter of 2014 increased
37 percent compared to the second quarter of 2013. Worldwide revenues for the second
quarter of 2014 include $23.5 million from the Pioneer acquisition completed July 2013. If Pioneer revenues had been included for the second quarter for both 2013 and 2014, worldwide revenues
would have increased by 6 percent.
We are extremely pleased with our results from the second quarter. Revenues exceeded our expectations and
signify, in our opinion, that our business has not only stabilized but has momentum moving into the second half of the year, said Brian K. Hutchison, president and chief executive officer. We made progress in meeting the goals we shared
in our first quarter earnings press releaserecovery and growth in our sports and spine businesses, traction in surgical specialties and expanded distribution of map3 cellular allogeneic bone graft.
For the second quarter of 2014, the company reported a net income applicable to common shares of $1.6 million and net income per fully diluted common share of
$0.03, based on 57.1 million fully diluted shares outstanding, compared to net loss applicable to common shares of $3 million and net loss per fully diluted common share of $0.05 for the second quarter of 2013, based on 56.3 million fully
diluted shares outstanding.
Fiscal 2014 and Third Quarter Outlook
Based on results from the first half of the year, the company is raising full year revenue guidance for 2014. The company now expects full year revenues for
2014 to be between $258 million and $261 million, as compared to prior guidance of between $248 million and $253 million. On a non-GAAP basis, excluding a first quarter inventory purchase price accounting adjustment, the company expects full year
net income per fully diluted common share (Adjusted Non-GAAP Guidance Net Income Per Common ShareDiluted) to be in the range of $0.09 to $0.11 based on 57 million fully diluted common shares outstanding, as compared to prior
guidance of $0.07 to $0.09.
For the third quarter of 2014, the company expects revenues to be between $64 million and $65 million and net income per
fully diluted common share to be approximately $0.02, based on 57.2 million fully diluted shares outstanding.
The third quarter has
traditionally been impacted by seasonality trends in surgeries, Hutchison said, however, based on our results from the first half, I am optimistic that we can capitalize on our momentum and meet our growth goals for the year.
Conference Call
RTI will host a conference call and simultaneous audio webcast to discuss the first quarter results at 8:30 a.m. ET today. The conference call can be accessed
by dialing (877) 383-7419. The webcast can be accessed through the investor section of RTIs website at www.rtix.com. A replay of the conference call will be available on the RTI website following the call.
About RTI Surgical Inc.
RTI Surgical is a
leading global surgical implant company providing surgeons with safe biologic, metal and synthetic implants. Committed to delivering a higher standard, RTIs implants are used in sports medicine, general surgery, spine, orthopedic, trauma and
cardiothoracic procedures and are distributed in nearly 50 countries. RTI is headquartered in Alachua, Fla., and has four manufacturing facilities throughout the U.S. and Europe. RTI is accredited in the U.S. by the American Association of Tissue
Banks and is a member of AdvaMed. For more information, please visit www.rtix.com.
Forward Looking Statement
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those regarding
our anticipated financial results for our second quarter of fiscal year 2014, our businesss momentum moving into the second half of the year and our fiscal 2014 and third quarter outlook. These forward-looking statements are based on
managements current expectations, estimates and projections about our industry, our managements beliefs and certain assumptions made by our management. Words such as anticipates, expects, intends,
plans, believes, seeks, estimates, variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, except for historical information, any
statements made in this communication about anticipated financial results, growth rates, new product introductions, future operational improvements and results or regulatory actions or approvals or changes to agreements with distributors also are
forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties, including the risks described in public filings with the U.S. Securities and Exchange Commission (SEC). Our actual
results may differ materially from the anticipated results reflected in these forward-looking statements. Copies of the companys SEC filings may be obtained by contacting the company or the SEC or by visiting RTIs website at
www.rtix.com or the SECs website at www.sec.gov.
RTI SURGICAL, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
Revenues |
|
$ |
66,029 |
|
|
$ |
42,309 |
|
|
$ |
126,774 |
|
|
$ |
82,731 |
|
Costs of processing and distribution |
|
|
30,975 |
|
|
|
23,073 |
|
|
|
65,522 |
|
|
|
44,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
35,054 |
|
|
|
19,236 |
|
|
|
61,252 |
|
|
|
38,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing, general and administrative |
|
|
27,302 |
|
|
|
15,695 |
|
|
|
53,156 |
|
|
|
30,718 |
|
Research and development |
|
|
3,342 |
|
|
|
3,341 |
|
|
|
7,174 |
|
|
|
6,452 |
|
Litigation settlement |
|
|
|
|
|
|
3,000 |
|
|
|
|
|
|
|
3,000 |
|
Acquisition expenses |
|
|
|
|
|
|
1,495 |
|
|
|
|
|
|
|
1,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
30,644 |
|
|
|
23,531 |
|
|
|
60,330 |
|
|
|
41,665 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
4,410 |
|
|
|
(4,295 |
) |
|
|
922 |
|
|
|
(3,233 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other (expense) income - net |
|
|
(485 |
) |
|
|
3 |
|
|
|
(840 |
) |
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income tax (expense) benefit |
|
|
3,925 |
|
|
|
(4,292 |
) |
|
|
82 |
|
|
|
(3,230 |
) |
Income tax (expense) benefit |
|
|
(1,564 |
) |
|
|
1,293 |
|
|
|
(31 |
) |
|
|
1,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
2,361 |
|
|
|
(2,999 |
) |
|
|
51 |
|
|
|
(1,537 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible preferred dividend |
|
|
(784 |
) |
|
|
|
|
|
|
(1,534 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) applicable to common shares |
|
$ |
1,577 |
|
|
$ |
(2,999 |
) |
|
$ |
(1,483 |
) |
|
$ |
(1,537 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per common share - basic |
|
$ |
0.03 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.03 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per common share - diluted |
|
$ |
0.03 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.03 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic |
|
|
56,714,512 |
|
|
|
56,272,327 |
|
|
|
56,584,579 |
|
|
|
56,146,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - diluted |
|
|
57,077,552 |
|
|
|
56,272,327 |
|
|
|
56,584,579 |
|
|
|
56,146,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2014 and Third Quarter Outlook
Full year net income per fully diluted common share is expected to be in the range of $0.03 to $0.05, based on 57 million fully diluted shares
outstanding. Excluding an inventory purchase price accounting adjustment taken in the first quarter of 2014, full year net income per fully diluted common share is expected to be in the range of $0.09 to $0.11.
Third quarter net income per fully diluted common share is expected to be $0.02, based on 57.2 million fully diluted shares outstanding.
RTI SURGICAL, INC. AND SUBSIDIARIES
Reconciliation of GAAP Guidance Net Income Per Common Share - Diluted to
Adjusted Non-GAAP Guidance Net Income Per Common Share - Diluted
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Twelve Months Ended |
|
|
|
September 30, 2014 |
|
|
December 31, 2014 |
|
|
|
$ Amount per Common Share - Diluted |
|
|
$ Amount per Common Share - Diluted |
|
GAAP Guidance net income per common share - diluted |
|
$ |
0.02 |
|
|
$ |
0.03 - 0.05 |
|
Inventory purchase price adjustment, net of tax effect |
|
|
|
|
|
|
0.06 |
|
|
|
|
|
|
|
|
|
|
Adjusted non-GAAP guidance net income per common share - diluted |
|
$ |
0.02 |
|
|
$ |
0.09 - 0.11 |
|
|
|
|
|
|
|
|
|
|
Use of Non-GAAP Financial Measures
To supplement RTI Surgicals condensed consolidated financial statements presented on a GAAP basis, the Company discloses certain non-GAAP financial
measures that exclude certain amounts, including non-GAAP net income (loss) applicable to common shares and non-GAAP net income (loss) per fully diluted share. These non-GAAP financial measures are not in accordance with, or an alternative for,
generally accepted accounting principles in the United States. Reconciliations of each of these non-GAAP financial measures to the corresponding GAAP measures are included in the reconciliation above.
The following is an explanation of the adjustment that management excluded as part of the non-GAAP measure for the fiscal 2014 and third quarter outlook as
well as the reasons for excluding the individual item:
2014 Inventory purchase price adjustment This adjustment represents the purchase price
effects of the remaining acquired Pioneer inventory that was sold during the first quarter of 2014 and which has been included in costs of processing and distribution. Management removes the amount of these nonrecurring costs from our operating
results to assist in assessing our operating performance in the current quarter and to supplement a comparison to our past operating performance.
Material Limitations Associated with the Use of Non-GAAP Financial Measures
Non-GAAP net income (loss) applicable to common shares and non-GAAP net income (loss) per fully diluted share should not be considered in isolation, or as a
replacement for GAAP measures.
Usefulness of Non-GAAP Financial Measures to Investors
The Company believes that presenting non-GAAP net income (loss) applicable to common shares and non-GAAP net income (loss) per fully diluted share in addition
to the related GAAP measures provides investors greater transparency to the information used by management in its financial decision-making which excludes the inventory purchase price adjustment, acquisition expenses and litigation settlement
charges. The Company further believes that providing this information better enables the Companys investors to understand the Companys overall core performance and to evaluate the methodology used by management to assess and measure such
performance.
RTI SURGICAL, INC. AND SUBSIDIARIES
Condensed Consolidated Revenues
(In thousands)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Spine |
|
$ |
21,346 |
|
|
$ |
11,221 |
|
|
$ |
40,409 |
|
|
$ |
21,320 |
|
Sports medicine |
|
|
11,459 |
|
|
|
11,657 |
|
|
|
22,819 |
|
|
|
22,168 |
|
Bone graft substitutes and general orthopedic |
|
|
9,088 |
|
|
|
6,050 |
|
|
|
17,235 |
|
|
|
11,401 |
|
Ortho fixation |
|
|
8,866 |
|
|
|
|
|
|
|
16,361 |
|
|
|
|
|
Surgical specialties |
|
|
7,182 |
|
|
|
6,875 |
|
|
|
14,460 |
|
|
|
13,829 |
|
Dental |
|
|
5,140 |
|
|
|
5,006 |
|
|
|
9,786 |
|
|
|
9,179 |
|
Other revenues |
|
|
2,948 |
|
|
|
1,500 |
|
|
|
5,704 |
|
|
|
4,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
$ |
66,029 |
|
|
$ |
42,309 |
|
|
$ |
126,774 |
|
|
$ |
82,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic revenues |
|
|
59,006 |
|
|
|
37,413 |
|
|
|
113,821 |
|
|
|
73,527 |
|
International revenues |
|
|
7,023 |
|
|
|
4,896 |
|
|
|
12,953 |
|
|
|
9,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
$ |
66,029 |
|
|
$ |
42,309 |
|
|
$ |
126,774 |
|
|
$ |
82,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RTI SURGICAL, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
June 30, 2014 |
|
|
December 31, 2013 |
|
Assets |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
15,802 |
|
|
$ |
18,721 |
|
Accounts receivable - net |
|
|
34,091 |
|
|
|
31,752 |
|
Inventories - net |
|
|
108,111 |
|
|
|
106,126 |
|
Prepaid and other assets |
|
|
29,988 |
|
|
|
30,060 |
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
187,992 |
|
|
|
186,659 |
|
Property, plant and equipment - net |
|
|
76,773 |
|
|
|
74,738 |
|
Goodwill |
|
|
54,887 |
|
|
|
54,887 |
|
Other assets - net |
|
|
51,939 |
|
|
|
53,570 |
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
371,591 |
|
|
$ |
369,854 |
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders Equity |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
26,163 |
|
|
$ |
23,231 |
|
Accrued expenses and other current liabilities |
|
|
22,343 |
|
|
|
27,782 |
|
Current portion of long-term obligations |
|
|
5,632 |
|
|
|
1,344 |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
54,138 |
|
|
|
52,357 |
|
Deferred revenue |
|
|
15,950 |
|
|
|
18,755 |
|
Long-term liabilities |
|
|
82,560 |
|
|
|
81,152 |
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
152,648 |
|
|
|
152,264 |
|
Preferred stock |
|
|
51,163 |
|
|
|
49,537 |
|
Stockholders equity: |
|
|
|
|
|
|
|
|
Common stock and additional paid-in capital |
|
|
415,179 |
|
|
|
415,415 |
|
Accumulated other comprehensive loss |
|
|
(900 |
) |
|
|
(812 |
) |
Accumulated deficit |
|
|
(246,499 |
) |
|
|
(246,550 |
) |
|
|
|
|
|
|
|
|
|
Total stockholders equity |
|
|
167,780 |
|
|
|
168,053 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders equity |
|
$ |
371,591 |
|
|
$ |
369,854 |
|
|
|
|
|
|
|
|
|
|
RTI SURGICAL, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
2,361 |
|
|
$ |
(2,999 |
) |
|
$ |
51 |
|
|
$ |
(1,537 |
) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization expense |
|
|
3,863 |
|
|
|
2,095 |
|
|
|
7,527 |
|
|
|
4,123 |
|
Stock-based compensation |
|
|
533 |
|
|
|
584 |
|
|
|
1,023 |
|
|
|
1,069 |
|
Amortization of deferred revenue |
|
|
(1,207 |
) |
|
|
(1,132 |
) |
|
|
(3,006 |
) |
|
|
(4,047 |
) |
Other items to reconcile to net cash used in operating activities |
|
|
(2,928 |
) |
|
|
4,731 |
|
|
|
(6,280 |
) |
|
|
(4,392 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
2,622 |
|
|
|
3,279 |
|
|
|
(685 |
) |
|
|
(4,784 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of property, plant and equipment |
|
|
(3,536 |
) |
|
|
(2,164 |
) |
|
|
(8,472 |
) |
|
|
(4,872 |
) |
Patent and acquired intangible asset costs |
|
|
(59 |
) |
|
|
(136 |
) |
|
|
(276 |
) |
|
|
(234 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
|
(3,595 |
) |
|
|
(2,300 |
) |
|
|
(8,748 |
) |
|
|
(5,106 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from long-term obligations |
|
|
1,000 |
|
|
|
|
|
|
|
5,000 |
|
|
|
|
|
Net proceeds from short-term obligations |
|
|
75 |
|
|
|
|
|
|
|
1,308 |
|
|
|
|
|
Payments on long-term obligations |
|
|
(12 |
) |
|
|
(11 |
) |
|
|
(32 |
) |
|
|
(93 |
) |
Other financing activities |
|
|
247 |
|
|
|
(368 |
) |
|
|
417 |
|
|
|
(306 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
|
1,310 |
|
|
|
(379 |
) |
|
|
6,693 |
|
|
|
(399 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
|
|
|
|
(9 |
) |
|
|
(179 |
) |
|
|
(14 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
|
|
337 |
|
|
|
591 |
|
|
|
(2,919 |
) |
|
|
(10,303 |
) |
Cash and cash equivalents, beginning of period |
|
|
15,465 |
|
|
|
38,802 |
|
|
|
18,721 |
|
|
|
49,696 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents, end of period |
|
$ |
15,802 |
|
|
$ |
39,393 |
|
|
$ |
15,802 |
|
|
$ |
39,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RTI Surgical (NASDAQ:RTIX)
Historical Stock Chart
From Mar 2024 to Apr 2024
RTI Surgical (NASDAQ:RTIX)
Historical Stock Chart
From Apr 2023 to Apr 2024