SpineGuard look to break even by 2018, promotes co-founder & CTO Bette to CEOSpineGuard look to break even by 2018, promotes co-founder & CTO Bette to CEO https://c-suitenetwork.com/wp-content/uploads/2017/07/spineguard-look-to-break-even-by-2018-promotes-co-founder-cto-bette-to-ceo.jpg 700 400 C-Suite Network https://c-suitenetwork.com/wp-content/uploads/2017/07/spineguard-look-to-break-even-by-2018-promotes-co-founder-cto-bette-to-ceo.jpg
SpineGuard (EPA:ALSGD) said today it has implemented a profitability plan as it looks to break even by next year, and announced it would move its co-founder & CTO Stéphane Bette to the corner office, effective July 13.
In it’s pursuit of reaching a breakeven point, the company said it will concentrate its efforts in 2017 and 2018 on signing industry partnerships to expand the commercial applications of its DSG tech in the spinal and broader musculoskeletal sectors.
The company said it would also look to grow its worldwide sales with a focus on the US, as well as the implementation of a plan as it seeks to “right size its organization.”
“SpineGuard is a high-performing company with a cohesive team and a unique technology in DSG. We delivered double-digit growth this first half of the year in a context where we are preparing for the US launch of our smart DSG screw. I look forward to intensifying SpineGuard’s focus on leveraging our core DSG platform through additional deals in spine and other musculoskeletal segments while continuing to grow our organic sales, capitalizing on our strong commercial, marketing and clinical foundations and rebalancing the organization. In order to reach financial freedom, we…