NASDAQ$KIDS

OrthoPediatrics Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

OrthoPediatrics experienced significant revenue growth, driven by strong domestic performance and international expansion.

OrthoPediatrics reported a 96% increase in total revenue for Q2 2021, reaching $26.7 million, compared to $13.6 million in Q2 2020. The company saw robust growth in both U.S. and international markets, with U.S. revenue increasing by 79% and international revenue increasing by 243%.

  • Total revenue increased by 96% year-over-year, reaching $26.7 million.
  • U.S. revenue grew by 79%, representing 81.4% of total revenue.
  • International revenue increased by 243%, representing 18.6% of total revenue.
  • Gross profit margin improved to 76.6% compared to 74.0% in the same period last year.

Headline financials

Total Revenue

$26.7M

Previous: $13.6M+96.4%
EPS (adj)

-$0.11

Previous: -$0.54+79.6%
Adjusted EBITDA

$1.24M

Previous: -$2.32M+153.3%
Gross Margin

76.6%

Previous: 74.0%+3.5%
Capital Expenditures

-$4.47M

Previous: -$5.16M+13.3%
Free Cash Flow

-$8.23M

Previous: -$14.6M+43.7%
Net Income

-$3.76M

Previous: -$9.45M+60.2%
Operating Income

-$2.85M

Previous: -$7.02M+59.4%
Gross Profit

$20.4M

Previous: $10.1M+103.2%
Cash & Equivalents

$10.6M

Previous: $113M-90.7%
Total Assets

$308M

Previous: $328M-6.3%
Stock-Based Comp

$1.42M

Previous: $2.5M-43.3%

Revenue & EPS history

OrthoPediatrics · Revenue · Quarterly

$26.7M

Q2 2021+96.4%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

OrthoPediatrics · $26.7M total across 3 segments · Q2 2021

  • Trauma and Deformity
    $17.9M+94.5%
  • Scoliosis
    $7.66M+99.6%
  • Sports Medicine/Other
    $1.11M+105.8%

Forward guidance

The Company is increasing its full year revenue guidance range to $97 to $101 million, up from $94 to $98 million, representing 36% to 42% growth over 2020 revenue.

Tailwinds

  • Increased full year 2021 revenue guidance from $94-$98 million to $97-$101 million
  • Strong momentum in the U.S.
  • Expecting 36% to 42% growth over 2020 revenue.

Headwinds

  • Potential headwinds resulting from the COVID-19 Delta variant.
  • Expect regional variability to persist in international markets.
  • Hospitals continue to work through backlogs.
  • Countries face challenges with COVID-19 surges.

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 2021

Historical avgQ2 2021

-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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