Wright Medical Group, Inc. (NASDAQ:WMGI) is a global orthopedic medical device company that designs, manufactures, and markets devices and biologics for extremity reconstruction. After barely squeaking past 2012 with a 1% profit margin, the company has made some bold moves to highlight its strengths and sell off its weaknesses.
During FY 2012, every segment of Wright's revenues fell, with the exception of foot and ankle products. The OrthoRecon segment includes knee and hip replacement products. The company's overall revenue fell 5.7%. If you remove the OrthoCon segment loss, the company would have recorded a 6.5% increase in revenues for 2012.
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