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Product / Company Performance

OrthoPediatrics Reports 1Q19 Revenue of $14.7MM, +21.2% vs. 1Q18 -

By Mike Evers, ORTHOWORLD

 

OrthoPediatrics reported 1Q19 revenue of USD $14.7MM, +21.2% vs. 1Q18.

  • Reiterated 2019 guidance of $69.7MM to 70.9MM, or 21% to 23% growth with expected consignment set investment of $15MM to $17MM
  • Deployed $2.7MM in consignment sets in 1Q19, in anticipation of summer surgery season
  • Launched BandLoc DUO to add to BandLoc 5.5/6.0mm System
  • Added seven new U.S. sales representatives, bringing total force to 138
  • Converted Belgium and the Netherlands to sales agency model

 

Segment sales and growth on an as-reported basis ($MM):

  1Q19 1Q18 $ Chg % Chg
Spine $4.3 $2.7 $1.6 58.6%
Trauma $10.0 $9.1 $0.9 9.8%
Sports Medicine $0.4 $0.3 $0.1 33.2%
Total $14.7 $12.1 $2.6 21.2%

Revenue by geographic region ($MM):

Geographic Region 1Q19 1Q18 $ Chg % Chg
US $10.3 $8.7 $1.6 18.7%
Ex-US $4.4 $3.4 $0.9 27.6%
Total $14.7 $12.1 $2.6 21.2%

Net earnings ($MM):

1Q19 Amount % of Sales
Sales $14.7  
   Cost of Sales -$4.0 27.3%
   General and Admin -$5.6 38.3%
   Selling and Marketing -$6.5 44.7%
   R & D -$1.2 8.3%
   Other -$0.3 2.1%
Net Earnings -$3.0 -20.6%

 

Source: OrthoPediatrics

Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.

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