DJO Global Reports Q4 ResultsMonday, February 24, 2014
DJO Global Inc., the Vista-based maker of orthopedic devices, reported a 2013 fourth quarter net loss of $132 million, compared with a net loss of $47 million for the like quarter of 2012.
Net sales for the quarter came in at $313.6 million, up 7.9 percent from the like quarter of 2012.
For the full year, DJO reported a net loss of $203.5 million, compared with a net loss of $119.2 million the previous year.
DJO reported net sales for 2013 were $1.17 billion, up 4.1 percent from 2012’s net sales.
Explaining its net losses, DJO reported it took noncash losses of $107 million attributed to impairment of goodwill, and depreciation and amortization losses of $129 million for the year.
The company said 2013 earnings before income taxes, depreciation and amortization were $264.2 million, compared with EBITDA of $271 million for 2012.