Gross margin reaches 78.5% as Shoulder Innovations (SI) grows Q3 revenue.

Shoulder Innovations (SI) reported a 37.7% increase in third-quarter revenue to $16.191 million, up from $11.756 million a year earlier, with gross margin improving to 78.5% from 76.2%. Despite narrowing its net loss to $7.048 million from $8.729 million, the company saw its nine-month operating loss widen to $26.609 million due to increased operating expenses. SI is focusing on continued growth through product development, expansion into outpatient settings, and strategic investments in its ecosystem, including a new robotics platform.