OrthoPediatrics today announced it acquired Boston Orthotics & Prosthetics for an undisclosed amount. In addition to the acquisition, OrthoPediatrics closed a debt financing with MidCap Financial to provide up to $80 million of capital through the combination of a term loan and revolving loan to replace its prior unused $50 million line of credit. Boston […]
OrthoPediatrics
OrthoPediatrics raises full year revenue guidance on Street-beating Q2 results
OrthoPediatrics (NSDQ:KIDS) this week posted second-quarter results that beat the overall consensus on Wall Street. The Warsaw, Indiana-based company reported losses of $333,000, or -2¢ per share, on sales of $32.9 million, for the three months ended June 30, for a sales growth of 23.35% compared with Q2 2021. Adjusted to exclude one-time items, earnings […]
OrthoPediatrics posts Street-beating Q1 results
OrthoPediatrics (Nasdaq:KIDS) this week posted first-quarter results that beat the overall consensus on Wall Street. The Warsaw, Indiana-based company reported losses of $9.1 million, or -47¢ per share, on sales of $23.4 million for the three months ended March 31, for a bottom-line gain of 12.3% on sales growth of 9.11% compared with Q1 2021. […]
OrthoPediatrics acquires MD Orthopaedics and its clubfoot bracing technology
OrthoPediatrics (Nasdaq:KIDS) today announced that it is acquiring MD Orthopaedics in a transaction valued up to $19.6 million. The Warsaw, Indiana-based will acquire MD Orthopaedics and its bracing product lines and Mitchell Ponseti ankle-foot orthosis system to treat clubfoot. Under terms of the agreement, OrthoPediatrics is buying the Wayland, Iowa-based company for an upfront cash […]
OrthoPediatrics reports mixed-bag results in Q3
OrthoPediatrics (NSDQ:KIDS) this week posted third-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates. The Warsaw, Indiana-based orthopedics company reported losses of -$2.2 million, or -11¢ per share, on sales of $25.1 million for the three months ended Sept. 30, for a sales growth of 12.94% compared with Q3 2020. Adjusted […]
OrthoPedatrics launches neuromuscular scoliosis system
OrthoPediatrics (NSDQ:KIDS) today said it launched its Response neuromuscular scoliosis system. The Warsaw, Ind.–based company designed the system to treat pediatric patients who have neuromuscular scoliosis. It has a complete set of implants and instruments to simplify insertion and has specific options to address extreme hyperlordosis and sacral/pelvic fixation. “Neuromuscular scoliosis patients can present with a […]
OrthoPediatrics ticks up on Street-beating Q1 results
OrthoPediatrics (NSDQ:KIDS) posted first-quarter results that beat the overall consensus on Wall Street and increased its full-year guidance. The Warsaw, Ind.–based company yesterday reported losses of -$10.4 million, or -54¢ per share, on sales of $21.5 million, for the three months ended March 31, for a sales growth of 31.2% compared with Q1 2020. Adjusted […]
9 medical devices you should keep an eye out for in 2021
The medical device industry weathered the COVID-19 pandemic well — and is now set to roll out a host of innovations in 2021. Economists generally expect the U.S. to see a boom as we emerge from the pandemic and resulting recession. Medtech companies appear set to ride the wave this year, with plans to seek approval or […]
OrthoPediatrics misses earnings, revenue consensus in Q4
OrthoPediatrics (NSDQ:KIDS) posted fourth-quarter results that missed the consensus forecast on Wall Street. The Warsaw, Ind.–based maker of pediatric orthopedic devices reported losses of -$14 million, or -73¢ per share, on sales of $18.9 million for the three months ended Dec. 31, 2020, for a sales loss of -0.15% compared with Q4 2019. Earnings per […]
