Shoulder Innovations Reports 38% Revenue Growth and Raises Full-Year Guidance for Q3 2026
Shoulder Innovations (SI) reported strong third-quarter results for 2026, highlighted by a 38% increase in net revenue to $16.2 million. This growth was primarily driven by an expansion of the surgeon user base and increased utilization among existing customers. The company also saw gross margin expansion to 78.5%, up from 76.2% last year, benefiting from higher average selling prices and successful cost-reduction initiatives. Following these results, management raised its full-year revenue guidance to a range of $68 million to $70 million. While the company reported an adjusted EBITDA loss of $5.5 million, this represents an improvement over the previous year's loss due to higher gross profits. Significant investments are being directed toward R&D for the InSet Neo robotics platform and expanding the commercial organization to target high-volume shoulder specialists in the U.S.
Tickers: $SI
Topics: gross margin guidance raise operating loss revenue growth robotics development