NASDAQ , NUVA
designs, develops and markets products for the surgical treatment of spine disorders. Its principal product offerings include a surgical platform called maximum access surgery and classic fusion products.
MAS platform allows surgeons to perform a range of minimally disruptive procedures, while overcoming the shortcomings of alternative minimally invasive surgical techniques. It combines NeuroVision, a nerve avoidance system, MaXcess, a minimally invasive surgical system, SpheRx Pedicle Screw System and specialized implants. The classic fusion portfolio includes a range of spine allografts and spine implants, such as rods, plates and screws.
Substantially, all of NuVasive’s products are distributed within the United States.
Total number of shares outstanding as of July 29 24,100,000
Price of each share of common stock on July 29 $18.71
Aggregate market value as of July 29 $450,911,000
For year ended Dec. 31, in thousands, except per-share data.
2004 2003 2002
Total revenues $38,403 $22,655 $12,260
Net income (loss) ($14,210) ($10,127) ($15,110)
Net income (loss) per share ($0.91) ($6.30) ($13.20)
Total assets $80,752 $22,371 $14,932
Jack R. Blair, 62, director since 2001.
James C. Blair, 65, director since 1999.
Peter C. Farrell, 62, director since 2005.
Lesley H. Howe, 60, director since 2004.
Robert J. Hunt, 56, director since 2005.
Alexis V. Lukianov, 49, chairman since 2004.
Arda M. Minocherhomjee, 51, director since 2001.
Officer 2004 Cash Compensation
Alexis V. Lukianov, chief executive officer $519,762
Keith Valentine, president $330,183
Kevin C. O’Boyle, executive vice president, chief financial officer $292,500
Pat Miles, senior vice president, marketing $258,754
James J. Skinner, vice president, sales $224,135
Significant Stock Ownership
Number of shares Percent
William Blair Capital Partners VII QP, L.P. 2,833,880 11.8
Arda M. Minocherhomjee 2,833,880 11.8
Caisse de depot et placement du Quebec 2,024,941 8.4
Kleiner Perkins Caufield & Byers VIII, L.P. 1,859,581 7.7
Joseph S. Lacob 1,859,581 7.7
Domain Partners IV, L.P. 1,821,659 7.6
Directors and officers as a group (14 people) 8,770,033 36.5
Headquarters: 4545 Towne Centre Court, San Diego, CA 92121; (858) 271-7070;
fax (858) 909-2000.
Web site: www.nuvasive.com.
Auditors: Ernst & Young LLP.
Industry: Medical instruments and supplies.
Information was compiled from the company’s annual and proxy reports.