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KELYNIAM GLOBAL INC - $KLYG STOCK NEWS

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Rhea-AI Summary
Kelyniam Global and Fin-ceramica's NEOS Surgery Cranial LOOP™ fixation system receives 510(k) clearance from the FDA for use with CustomizedBone™ hydroxyapatite cranial implants. The system, made of PEEK-OPTIMA™, offers rapid fixation, low infection rate, and pediatric indication, enhancing Kelyniam's sales momentum.
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Kelyniam Global (KLYG) reported a 12% decrease in total revenue for the year ended December 31, 2023, despite setting a quarterly unit sales record in Q4. The company attributed the revenue decline to strategic investments in personnel and infrastructure earlier in the year. The CEO highlighted a 40% unit and revenue growth in Q4, driven by new sales representatives and a competitor's exit from the market. Kelyniam aims to capitalize on this opportunity by offering innovative implant solutions.
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Kelyniam Global (OTC:KLYG) reports third-quarter results with a temporary sales slowdown but remains optimistic.
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Kelyniam Global (OTC:KLYG) announced its half-year financial results, reporting flat unit sales for the first half of 2023 compared to the previous year. The company attributes this to timing issues affecting revenue recognition. Despite this, the CEO remains optimistic about sales and revenue growth in the latter half of the year. Financial highlights include a 21.9% decrease in total revenue, a decrease in gross margin, and an operating loss compared to operating income in the prior year.
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KELYNIAM GLOBAL INC

OTC:KLYG

KLYG Rankings

KLYG Stock Data

4.10M
Engineering Services
Professional, Scientific, and Technical Services
Link
United States of America
Collinsville

About KLYG

kelyniam is a medical device manufacturing company that specializes in the production of custom prosthetics utilizing computer aided design and manufacturing of advanced medical grade polymers. the company’s engineering division is constantly working with medical professionals by allowing them to operate more effectively, improving patient care, and reducing health care cost by providing the highest quality products available with today’s technology. kelyniam is continually researching and developing new products and processes to help patients live more active and productive lives. our engineering division has recently made significant advancements in the use of bio-cadcam technology such as providing near perfect replicated cranial implants to replace damaged bone structures. the company’s long term business goals are to advance our existing technology and capabilities, and to acquire or invest in high technology industries which management has extensive experience in order to consist