Kelyniam Global (OTC:KLYG), a renowned custom cranial implant manufacturer, has released its financial results for the year ending December 31, 2023. CEO Ross Bjella announced a record-setting fourth quarter in unit sales, contributing to a modest increase in unit volume over the previous year.

Despite this, the company experienced a 12% decline in total revenue, attributed to strategic investments in personnel and infrastructure.

The financial highlights for the year, compared to 2022, are as follows:

• Total revenue stood at $2,672,357, down by 12% from $3,017,599.
• Operating income saw a significant decrease of 345%, from $69,322 to -$239,166.
• Net income also fell sharply by 222%, from -$97,560 to -$218,471.

The fourth quarter saw a 40% increase in unit and revenue growth over the previous quarter, compensating for slower summer sales. This growth is a direct result of the company’s early-year investments in infrastructure, which were intended to support rapid expansion.

Significant events impacting the annual and fourth-quarter performance included:

• A 40% increase in unit growth from the previous quarter.
• Withdrawal of a major competitor’s implant from the market, leading to an opportunity for increased sales of Kelyniam’s PEEK and CustomizedBoneä implants.
• The addition of five new sales representatives as distributor partners.

Bjella expressed optimism about Kelyniam’s future, highlighting the company’s sales momentum and the chance to dominate the market following a competitor’s exit. He emphasized the superior osteointegrative benefits of Kelyniam’s CustomizedBoneä implant, licensed from Finceramica, and the potential synergy with OsteoStripä and Osteoplugä product lines from Osteopore.

Kelyniam Inc. specializes in the swift production of custom prosthetics through computer-aided design and manufacturing, using advanced medical-grade polymers. The company collaborates closely with surgeons, health systems, and payors to enhance clinical outcomes and cost efficiency. www.Kelyniam.com.

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