Exhibit 99.1



Conformis Reports Second Quarter 2018 Financial Results

BILLERICA, Mass., August 1, 2018 (GLOBE NEWSWIRE) - Conformis, Inc. (NASDAQ:CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell patient specific joint replacement implants designed to fit each patient's unique anatomy, announced today financial results for the second quarter ended June 30, 2018.

Q2 Summary

Total revenue of $19.1 million, up 3% year-over-year on a reported basis and 2% on a constant currency basis
Product revenue of $18.9 million, up 5% year-over-year on a reported basis and 3% on a constant currency basis
U.S. product revenue of $16.4 million, up 7% year-over-year
Rest of World product revenue of $2.6 million, down 10% year-over-year on a reported basis and 19% year-over-year on a constant currency basis
Gross margin of 48%, an increase of 1,400 basis points year-over-year

"Our US growth of 7% represents a meaningful step-up in performance versus prior quarters. We continue to make progress in the US while facing headwinds in our OUS business due to reimbursement challenges,” said Mark Augusti, President and Chief Executive Officer of Conformis, Inc. “Furthermore, our continued gross margin expansion demonstrates that the gross margin improvements should be sustainable. This performance is a reflection of our operational focus and execution and we believe positions us well for the remainder of the year.”

 
Three months ended June 30,
Increase/(decrease)
($, in thousands)
2018
2017
$ Change
% Change
% Change
 
 
 
 
 (as reported)
 (constant currency)
  United States
$
16,356
 
$
15,219
 
$
1,137

 
7

%
7

%
  Rest of world
2,552
 
2,827
 
(275
)
 
(10
)
%
(19
)
%
Product revenue
18,908
 
18,046
 
862
 
 
5

%
3

%
Royalty revenue
192
 
438
 
(246
)
 
(56
)
%
(56
)
%
Total revenue
$
19,100
 
$
18,484
 
$
616

 
3

%
2

%


Second Quarter 2018 Financial Results

Total revenue for the three-month period ended June 30, 2018 increased $0.6 million to $19.1 million, or 3% year-over-year on a reported basis and 2% on a constant currency basis. Total revenue in the second quarter of 2018 and 2017 includes royalty revenue of $0.2 million and $0.4 million, respectively, related to patent license agreements. The decrease in royalty revenue in the second quarter of 2018 compared to the same quarter in the prior year reflects the timing of payments received in the second quarter of 2017.




The following information was filed by Conformis Inc (CFMS) on Wednesday, August 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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