Investors React To Conformis' Annual Sales Guidance Update

Investors React To Conformis' Annual Sales Guidance Update
  • Conformis Inc CFMS stock is down after the Q3 revenue update ahead of the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit. 
  • Related Link: Conformis Q2 Earnings Surpass Estimates On Higher Volumes And Royalties, License Revenue.
  • The Company has experienced higher than expected levels of deferred and rescheduled knee and hip procedures due to the surge in COVID-19 cases associated with the Delta variant. 
  • Conformis now expects product revenue Q3 sales of $13.7 million to $14.3 million (versus consensus of $16.23 million), lower than prior guidance of $15.5 million - $16.5 million.
  • Price Action: CFMS stock is down 10% at $1.53 during the market session on the last check Tuesday.

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