Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

ConforMIS Inc (CFMS) Up 29% On Second Day of Trading

The shares of ConforMIS Inc (NASDAQ:CFMSare trading 29% higher on their second day of trading after rising 5.42% on the opening day. The medical technology company started trading on the NASDAQ on July 1 with a total of 39.06 million common shares. The market capitalization of ConforMIS reached $826.02 million after the initial boost.

It is known for manufacturing joint replacement implants for individual patients with the help of its iFit Image-to-Implant technology. According to ConforMIS Inc (NASDAQ:CFMS)’s S-1 filing, its net revenue for the first quarter stood at $14.7 million, while its net loss amounted to $3.32 per share, above the loss of $3.04 per share a year ago.

Earlier, ConforMIS Inc (NASDAQ:CFMS) announced that it planned to sell 9.0 million shares at $15.00 per share in the IPO, with additional 1.35 million additional shares as over-allotment options. The offering is expected to close on July 7.


According to the company’s S-1 filing, Procific, Veron International Limited, and SGR Sagittarius Holding AG and Aeries Capital Archer L.P. are among the principal stockholders of the company, holding 8.00%, 7.53% and 9.79% of the outstanding stock after the IPO. The management of ConforMIS Inc (NASDAQ:CFMS) includes Dr. Philipp Lang, founder, President, and Chief Executive Officer of the company, while Paul Weiner is the Chief Financial Officer and Dr. Daniel Steines is serving as the Chief Technology Officer of the company.

Disclosure: None

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!