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

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):

Revenue by geographic region ($MM):

Net earnings ($MM):

Source: OrthoPediatrics

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