Q1 2026 SI-BONE Inc Earnings Call Transcript
Key Points
- SI-BONE Inc (SIBN) reported worldwide revenue growth of 11.2% for the first quarter, with international revenue increasing by an impressive 33.9%.
- The company launched new products, including INTRA Ti and TNT TORQ, which are expected to expand their market presence in Europe and Australia.
- SI-BONE Inc (SIBN) has a strong financial position with $144.7 million in cash and marketable securities, providing significant financial flexibility.
- The company is experiencing strong physician engagement, with over 1,650 active physicians in the quarter, representing more than 17% growth.
- SI-BONE Inc (SIBN) raised its full-year revenue guidance to a range of $230 million to $233 million, reflecting confidence in continued growth.
- The first quarter performance was modestly impacted by weather-related disruptions, affecting revenue growth.
- Operating expenses grew by 4.1%, driven by higher commissions and targeted investments, which could pressure profitability.
- The company anticipates higher-than-normal cash flow variability in the second and third quarters due to headquarters buildout expenses.
- There is potential pressure on ASP (average selling price) due to fewer implants used in interventional and trauma procedures.
- The impact of the Smith+Nephew partnership on revenue is still uncertain, with contributions expected to build in the second half of the year.
Good afternoon, and welcome to SIâBONEâs first-quarter 2026 earnings conference call. At this time, all participants are in a listenâonly mode. We will be facilitating a questionâandâanswer session toward the end of todayâs call. As a reminder, this call is being recorded for replay purposes.
I would now like to turn the call over to Saqib Iqbal, Vice President, FP&A and Investor Relations at SI-BONE for a few introductory comments.
Earlier today, SIâBONE released financial results for the quarter ended March 31, 2026. A copy of the press release is available on the companyâs website.
Before we begin, Iâd like to remind you that managementâs remarks today may include forwardâlooking statements within the meaning of federal securities laws, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forwardâlooking statements are subject to a number of risks and uncertainties,
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