The team at Symmetry Surgical this morning released an early 2015 forecast that features a revenue range of $77 million to $84 million, up from an adjusted $79 million for 2014. Earnings before interest, taxes, depreciation and amortization — which was a negative $7.6 million through the first half of 2014 — is expected to grow to somewhere between $6.2 million and $8.0 million this year.
Said President and CEO Tom Sullivan: "We have begun implementation of several initiatives to position the business for improved revenue growth, which I look forward to outlining over the coming year. While we still have work to do, we expect our fourth quarter results to reflect continued progress against the backdrop of a constrained hospital spending environment in the U.S. and Europe."
Shares of Antioch-based Symmetry Surgical (Ticker: SSRG) are down more than 2 percent this afternoon to about $7.55. They're essentially flat since the company went public in early December.
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