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Sirona reported better-than-expected fiscal third quarter results. Sirona Dental Systems Inc. outperformed the third-quarter fiscal 2015 estimates but saw paltry, if not unfavorable, movement in its stock. The primary reason for the 0.6% decline in the last session can be traced back to Sirona’s refrainment from increasing its fiscal 2015 guidance. Sirona exited the quarter with cash and cash equivalents of $422.6 million and total debt of $80.4 million, and shareholder’s equity of $1.29 billion. Free cash flow in the third quarter of 2015 was $26 million. Sirona reiterated its fiscal 2015 revenue growth projection at 6%–8%, on a local currency basis.
For Further Information
More on the markets for dental operatory equipment can be found in our upcoming report published by iData entitled US Market for Dental Operatory Equipment, which covers the U.S. as a whole, as well as market segments for INTRAORAL CAMERAS, DENTAL TREATMENT CENTERS, DENTAL CABINETRY, DENTAL HANDPIECES, DENTAL CAMERAS, CURING LIGHTS, DENTAL AUTOCLAVE, DENTAL MICROSCOPES, PRACTICE MANAGEMENT SOFTWARE, ULTRASONIC SCALERS, SUCTION SYSTEMS, DENTAL AIR COMPRESSORS, DIGITAL CARIES DETECTION DEVICES.
The iData series on the market for dental operatory equipment also covers 15 countries in Europe. Full reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Sirona Dental Systems, Inc. (Sirona) and its subsidiaries is a manufacturer of dental equipment, and is focused on developing, manufacturing and marketing solutions for dentists around the world. The Company operates in four segments: Dental CAD/CAM Systems, Imaging Systems, Treatment Centers and Instruments. The Company markets its products globally to dental practices, clinics and laboratories through an international network of distributors. The dental distributors supply both dental equipment and consumables, and have regular contact with the ultimate end-users. In addition, the Company also distributes its products through its own sales and services infrastructure. Dental CAD/CAM Systems address the dental restorations, which includes several types of restorations, such as inlays, onlays, veneers, crowns, bridges, copings and bridge frameworks made from ceramic, metal or composite blocks.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
About Reimbursement Tracker
iData Research’s Reimbursement Policy Tracker enables medical device, dental, pharmaceutical and healthcare professionals to receive real-time policy updates from hundreds of insurance companies and 60,000+ policies across all therapeutic areas in the United States.
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