The following is a summary of the ZimVie Inc. (ZIMV) Q2 2024 Earnings Call Transcript:

Financial Performance:

• ZimVie Inc. reported Q2 2024 revenue of $117 million with revenue growing across implants, biomaterials, and digital solutions.

• Net sales for Q2 2024 were $116.8 million, a slight decrease of 1.5% in reported rates.

• Adjusted EBITDA for Q2 2024 was $16.1 million, corresponding to a 13.8% margin.

• Adjusted earnings per share for continuing operations were $0.13 per share in Q2 2024.

Business Progress:

• ZimVie has seen strong commercial traction with its dental implant portfolio, particularly the TSX and T3 PRO, and received FDA clearance for its GenTek Restorative Components in the U.S.

• The company drove growth in its biomaterials portfolio and continued to expand its offerings.

• Significant growth was achieved in digital solutions, highlighted by over 20% growth in both implant Concierge service and surgical guide sales.

• ZimVie introduced the RealGUIDE Software Version 5.4, enhancing safety, accuracy, and efficiency in dental procedures.

Opportunities:

• The broadening of the U.S. market for GenTek Restorative Components represents an opportunity to enhance market presence and sales.

• Digital solutions and partnerships, like the new scanner partnership with Medit, are expected to expand ZimVie's addressable market and enhance product adoption.

Risks:

• Pressures on capital sales, including oral scanners, continue to impact U.S. sales negatively, an ongoing trend noted in recent quarters.

More details: ZimVie IR

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