Amedica Corporation (AMDA) Releases Earnings Results, Beats Estimates By $0.01 EPS
Amedica Corporation (NASDAQ:AMDA) released its quarterly earnings results on Tuesday. The medical equipment provider reported ($0.93) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.01, Yahoo Finance reports. Amedica Corporation had a negative net margin of 87.49% and a negative return on equity of 77.67%. The business had revenue of $2.96 million for the quarter.
Amedica Corporation (NASDAQ:AMDA) opened at $3.91 on Wednesday. Amedica Corporation has a 1-year low of $2.95 and a 1-year high of $9.96.
A hedge fund recently raised its stake in Amedica Corporation stock. Vanguard Group Inc. grew its stake in Amedica Corporation (NASDAQ:AMDA) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 595,866 shares of the medical equipment provider’s stock after buying an additional 39,603 shares during the quarter. Vanguard Group Inc. owned 2.26% of Amedica Corporation worth $226,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 57.50% of the company’s stock.
About Amedica Corporation
Amedica Corporation is a commercial biomaterial company. The Company is a vertically integrated silicon nitride orthopedic medical device manufacturer. It is focused on using its silicon nitride ceramic technology platform to develop, manufacture and sell a range of medical devices. It is also engaged in developing wear- and corrosion-resistant implant components for hip and knee arthroplasty.
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