Arthrosurface website
Arthrosurface Revenue Growth Bolstered by Shoulder Product Solution (press release)
FRANKLIN, Mass., Sept. 16, 2011 /PRNewswire via COMTEX/ -- Arthrosurface, Inc. ( www.arthrosurface.com ), the developer of less-invasive joint resurfacing systems, recently announced the release of its Glenoid resurfacing product line. The company reports that release of this product line as a complement to its full line of shoulder resurfacing devices has substantially bolstered its shoulder revenue. The company boasts that it offers a complete solution to shoulder resurfacing. As its highest early adoption revenue generator, the company believes that its suite of shoulder products can produce substantial penetration into the fast growing extremities market.Arthrosurface began product commercialization in 2004 and first became profitable in 2009 amid the continuing economic recession. During its early stages, the company was funded by venture capital and angel equity financing. In recent years, the company has become cash flow positive and relies on modest debt financing to fund its growth initiatives. Revenue in 2010 showed strong double digit growth and forecasts for...
