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Aurora Spine Corp (TSE:ASG)
:ASG
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -20.00%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Aurora Spine, with record sales, a transition to profitability, and strong performance of key products like SiLO TFX and ZIP 51. The company also reported improved gross margins and positive operating cash flow, demonstrating effective cost management and strategic expansion. However, increased operating expenses and challenges with accounts receivable are noted, though mitigated by strategic initiatives.Company Guidance
During the Aurora Spine Q3 2024 earnings call, significant metrics and achievements were discussed, marking a pivotal transition to profitability with a net income of $71,000. The company reported a 21% year-over-year increase in sales, reaching $4.8 million, driven by robust demand for key products like SiLO TFX and ZIP 51. SiLO TFX sales notably grew by 35% from Q2 to Q3 2024, comprising 48% of total sales. Aurora achieved a gross margin improvement to 60% and operating expenses represented 59% of sales, a decrease from 66% in Q3 2023. Operating cash flow was positive at $0.519 million, and the company ended the quarter with $0.88 million in cash and cash equivalents. Additionally, Aurora's accounts receivable decreased significantly, reflecting improved collection efforts. The company maintained its focus on expanding its sales force and targeting underserved markets, aiming to further increase its market presence and product adoption in the coming quarters.Record Sales and Transition to Profitability
Aurora Spine reported sales of $4.8 million for Q3 2024, marking the fourth consecutive quarter of over $4 million in sales, with a 21% increase compared to Q3 2023. The company achieved a net income of $71,000, transitioning from a net loss of $248,000 in Q3 2023.
Strong Performance of SiLO TFX and ZIP 51
SiLO TFX sales grew by 35% from Q2 2024 to Q3 2024, and ZIP 51 sales doubled in 2024 compared to 2023. SiLO TFX accounted for 48% of all sales, reflecting robust demand in the pain management sector.
Gross Margin Improvement
Gross margin improved to 60% in Q3 2024, up from 59.7% in the same period last year, driven by increased sales of proprietary products with higher profitability.
Positive Operating Cash Flow
The company generated $519,000 in operating cash flow, reflecting strong operational performance and efficient working capital management.
Successful Expansion into New Markets
The company expanded its sales force and targeted underserved markets, contributing to significant sales growth and improved profitability.
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TSE:ASG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ASG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | C$0.40 | C$0.46 | +15.00% |
| Aug 21, 2024 | C$0.28 | C$0.28 | 0.00% |
| May 14, 2024 | C$0.28 | C$0.28 | 0.00% |
| Apr 30, 2024 | C$0.30 | C$0.28 | -6.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aurora Spine Corp (TSE:ASG) report earnings?
Aurora Spine Corp (TSE:ASG) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Aurora Spine Corp (TSE:ASG) earnings time?
Aurora Spine Corp (TSE:ASG) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ASG EPS forecast?
Currently, no data Available
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