These have not been the easiest of times for small-cap orthopedics company NuVasive (NUVA). Not only has the company gotten caught up in the generalize spine market malaise, but the company's litigation with Medtronic (MDT) has been a significant overhand for some time. With solid share in minimally invasive procedures and meaningful new products on the horizon, NuVasive looks like an interesting rebound play at today's prices.
Relatively Speaking, A Good Quarter
Although analysts have been trimming numbers on NuVasive, the company still delivered pretty solid results for its fiscal fourth quarter. Revenue rose about 16% on a reported basis, with underlying organic growth in the range of 8-9%. Overseas sales grew at a torrid 53% clip, albeit off a low base, while biologics sales were unimpressive (down 1%).
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NuVasive Has Been Bloodied, But The Growth Story Isn't Broken
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