NASDAQ$KIDS

OrthoPediatrics Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

OrthoPediatrics experienced a revenue decline due to the COVID-19 pandemic but showed monthly improvement and advanced key initiatives.

OrthoPediatrics Corp. reported a 25.3% decrease in total revenue for Q2 2020, totaling $13.6 million, compared to $18.2 million in Q2 2019. The decline was primarily due to the impact of the COVID-19 pandemic. Despite the decrease, the company saw significant monthly improvement throughout the quarter and continued to execute key initiatives, including the acquisition and launch of the ApiFix system.

  • Total revenue for Q2 2020 was $13.6 million, a 25.3% decrease compared to Q2 2019.
  • U.S. revenue decreased by 12.3% compared to the same period last year.
  • The company commenced the initial U.S. launch of the ApiFix system following its acquisition.
  • The domestic sales organization expanded to 164 consultants, a 7.9% increase from Q2 2019.

Headline financials

Total Revenue

$13.6M

Previous: $18.2M-25.3%
EPS (adj)

-$0.54

Previous: -$0.17-217.6%
Adjusted EBITDA

-$2.32M

Previous: $575K-503.3%
Gross Margin

74.0%

Previous: 74.8%-1.1%
Capital Expenditures

-$5.16M

Previous: -$8.51M+39.4%
Free Cash Flow

-$14.6M

Previous: -$11.1M-31.2%
Net Income

-$9.45M

Previous: -$2.62M-260.8%
Operating Income

-$7.02M

Previous: -$1.79M-292.0%
Gross Profit

$10.1M

Previous: $13.6M-26.1%
Cash & Equivalents

$113M

No prior period
Total Assets

$328M

Previous: $151M+116.9%
Stock-Based Comp

$2.5M

No prior period

Revenue & EPS history

OrthoPediatrics · Revenue · Quarterly

$13.6M

Q2 2020-25.3%vs Q2 2019
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

OrthoPediatrics · $13.6M total across 3 segments · Q2 2020

  • Trauma and Deformity
    $9.22M-22.4%
  • Scoliosis
    $3.84M-34.6%
  • Sports Medicine/Other
    $537K+20.1%

Forward guidance

OrthoPediatrics maintains suspension of its revenue growth and set consignment guidance for the full year 2020 due to the rapidly evolving environment and continued uncertainties surrounding the duration and impact of COVID-19.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.6%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-0.4%

Avg return

30 days after

50%

17 / 34 earnings

Positive

+13.1%

Q2 2022

Best reaction

-13.0%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%+13.7%+14.0%
Q4 2025+8.3%+3.9%-12.8%
Q3 2025-2.6%-3.0%+9.3%
Q1 2025+4.0%+4.6%-4.5%
Q4 2024+11.9%+7.0%-0.8%
Q3 2024-7.8%-16.2%-22.3%
Q2 2024-7.8%-9.0%+3.8%
Q1 2024+5.7%-5.3%-1.9%
Q4 2023+5.4%+1.9%+0.8%
Q3 2023+4.2%-5.1%+8.9%
Q2 2023-4.6%-4.9%-7.2%
Q1 2023-7.5%-8.0%-14.4%
Q4 2022+0.5%+1.7%-0.8%
Q3 2022-13.0%-12.4%+0.8%
Q2 2022+13.1%+19.2%-0.8%
Q1 2022-10.2%-17.7%-8.1%
Q4 2021-5.8%-6.3%-2.0%
Q3 2021+2.0%+0.4%-19.4%
Q2 2021+6.9%+4.5%+9.2%
Q1 2021+10.1%+4.4%+4.4%
Q4 2020-7.1%-8.6%+2.3%
Q3 2020-6.5%+6.5%-2.1%
Q2 2020+4.7%+9.7%-0.6%
Q1 2020+2.8%+4.8%+10.0%
Q4 2019+1.1%-4.5%-19.5%
Q3 2019+5.7%+8.9%+10.6%
Q2 2019-0.2%-1.0%+10.9%
Q1 2019-9.5%-10.3%-8.3%
Q4 2018-4.3%-2.0%-6.2%
Q3 2018-12.5%-16.0%-11.4%
Q2 2018+2.7%+2.7%+23.7%
Q1 2018-1.1%+1.9%+32.0%
Q4 2017-1.9%+3.4%-2.9%
Q3 2017-11.3%-2.0%-8.5%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q1 2015

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