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OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Trauma | $8.5 | $6.7 | $1.8 | 26.9% |
| Spine | $2.9 | $2.4 | $0.5 | 20.8% |
| Arthroscopy/Soft Tissue Repair | $0.3 | $0.3 | -$0.1 | -17.8% |
| Total | $11.7 | $9.4 | $2.2 | 23.7% |
| 2017 | 2016 | $ Change | % Change | |
| Trauma | $32.8 | $26.9 | $6.0 | 22.2% |
| Spine | $11.6 | $9.3 | $2.3 | 24.2% |
| Arthroscopy/Soft Tissue Repair | $1.2 | $1.1 | $0.1 | 12.4% |
| Total | $45.6 | $37.3 | $8.4 | 22.4% |
KIDS now refers to its spine segment as Scoliosis, and ACL/Other as Sports Medicine/Other. (We will continue to use our general market segment terms.)
Growth was driven in part by a move from stocking distributors in select geographies to a sales agency model, which KIDS considers to be a core strength in U.S. sales. Overall, the company ended 2017 with a 75+ member dedicated rep salesforce.
Five products were launched in 2017, including a wrist fusion plate in 4Q. For 2018, new product launches will include a small stature Response scoliosis plate, small stature BandLoc polyester sublaminar banding system, an osteogenesis imperfecta nail, next-gen PediNail and a pediatric foot system. The annual investment in consigned sets will increase from $3.5MM to $10MM, this year. An active growing implant system and spinal tethering products are in development.
For 2018, leadership offered revenue guidance of +22% vs. 2017, which would be $55.7MM.
KIDS leadership indicates that scoliosis competition continues from DePuy Synthes and Medtronic, but claims to see very little in trauma and deformity.
Source: OrthoPediatrics Corp.
OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
Q17
Q16
$ Change
% Change
Trauma
$8.5
$6.7
$1.8 ...
OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Trauma | $8.5 | $6.7 | $1.8 | 26.9% |
| Spine | $2.9 | $2.4 | $0.5 | 20.8% |
| Arthroscopy/Soft Tissue Repair | $0.3 | $0.3 | -$0.1 | -17.8% |
| Total | $11.7 | $9.4 | $2.2 | 23.7% |
| 2017 | 2016 | $ Change | % Change | |
| Trauma | $32.8 | $26.9 | $6.0 | 22.2% |
| Spine | $11.6 | $9.3 | $2.3 | 24.2% |
| Arthroscopy/Soft Tissue Repair | $1.2 | $1.1 | $0.1 | 12.4% |
| Total | $45.6 | $37.3 | $8.4 | 22.4% |
KIDS now refers to its spine segment as Scoliosis, and ACL/Other as Sports Medicine/Other. (We will continue to use our general market segment terms.)
Growth was driven in part by a move from stocking distributors in select geographies to a sales agency model, which KIDS considers to be a core strength in U.S. sales. Overall, the company ended 2017 with a 75+ member dedicated rep salesforce.
Five products were launched in 2017, including a wrist fusion plate in 4Q. For 2018, new product launches will include a small stature Response scoliosis plate, small stature BandLoc polyester sublaminar banding system, an osteogenesis imperfecta nail, next-gen PediNail and a pediatric foot system. The annual investment in consigned sets will increase from $3.5MM to $10MM, this year. An active growing implant system and spinal tethering products are in development.
For 2018, leadership offered revenue guidance of +22% vs. 2017, which would be $55.7MM.
KIDS leadership indicates that scoliosis competition continues from DePuy Synthes and Medtronic, but claims to see very little in trauma and deformity.
Source: OrthoPediatrics Corp.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
