ZimVie Inc.
CIK:0001876588|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Net sales | $ 116,662 | $ 116,811 | $ 228,659 | $ 235,006 |
| Cost of products sold, excluding intangible asset amortization | (41,354) | (43,517) | (79,303) | (87,775) |
| Intangible asset amortization | (6,183) | (5,999) | (12,215) | (12,022) |
| Research and development | (5,662) | (6,579) | (11,033) | (13,359) |
| Selling, general and administrative | (59,573) | (62,384) | (118,558) | (122,714) |
| Restructuring and other cost reduction initiatives | (83) | (398) | (1,515) | (2,977) |
| Acquisition, integration, divestiture and related | (2,516) | (4,621) | (3,964) | (5,657) |
| Operating Expenses | (115,371) | (123,498) | (226,588) | (244,504) |
| Operating Profit (Loss) | 1,291 | (6,687) | 2,071 | (9,498) |
| Other income, net | 766 | 3,010 | 2,450 | 2,701 |
| Interest income | 2,046 | 1,965 | 4,081 | 2,472 |
| Interest expense | (3,836) | (5,066) | (7,887) | (9,940) |
| Income (loss) from continuing operations before income taxes | 267 | (6,778) | 715 | (14,265) |
| Provision for income taxes from continuing operations | (4,115) | (2,775) | (7,188) | (6,849) |
| Net Loss from Continuing Operations of ZimVie Inc. | (3,849) | (9,553) | (6,474) | (21,114) |
| (Loss) income from discontinued operations, net of tax | (99) | 5,539 | 1,055 | 9,339 |
| Net Loss of ZimVie Inc. | $ (3,947) | $ (4,014) | $ (5,418) | $ (11,775) |
| Basic (Loss) Earnings Per Common Share: | ||||
| Continuing operations | $ (0.14) | $ (0.35) | $ (0.23) | $ (0.77) |
| Discontinued operations | 0 | 0.2 | 0.04 | 0.34 |
| Net Loss | (0.14) | (0.15) | (0.19) | (0.43) |
| Diluted (Loss) Earnings Per Common Share: | ||||
| Continuing operations | (0.14) | (0.35) | (0.23) | (0.77) |
| Discontinued operations | 0 | 0.2 | 0.04 | 0.34 |
| Net Loss | $ (0.14) | $ (0.15) | $ (0.19) | $ (0.43) |