Disposable medical devices developer Merit Medical Systems posted revenue increases in its fourth quarter of 2023 and end-of-year financial results.
For the fourth quarter (end-December 31, 2024), Merit reported revenues of $355.2 million, up 9.4% compared with the same quarter in 2023. Constant currency revenue for the fourth quarter of 2024 increased 10.1% compared with the prior year period and increased 6.1% compared with the prior year period on a constant currency revenue and organic basis, the company said.
For the year, the company’s total revenue was $1.4 billion, an increase of 7.9% compared with 2023. Constant currency revenue for 2024 increased 8.5% compared with the prior year and increased 6% compared with the prior year on a constant currency revenue and organic basis, Merit said.