NASDAQ$KIDS

OrthoPediatrics Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

OrthoPediatrics reported record revenue with a 23% increase year-over-year and record adjusted EBITDA.

OrthoPediatrics Corp. announced its Q2 2022 financial results, highlighted by a 23% increase in total revenue to $32.9 million and a record adjusted EBITDA of $2.1 million. The company also increased its full-year 2022 revenue guidance to a range of $127 million to $130 million.

  • Helped over 23,000 children in the second quarter 2022, bringing total to more than 560,000 since the inception of OrthoPediatrics.
  • Total revenue for the second quarter of 2022 was $32.9 million, a 23% increase compared to $26.7 million for the same period last year.
  • Generated record Adjusted EBITDA of $2.1 million in the second quarter of 2022, compared to $1.2 million in the second quarter of 2021.
  • Increased full year 2022 revenue guidance to a range of $127 million to $130 million, from its previous guidance range of $125 million to $128 million, representing growth of 30% to 33% compared to the prior year

Headline financials

Total Revenue

$32.9M

Previous: $26.7M+23.3%
EPS (adj)

-$0.17

Previous: -$0.11-54.5%
Adjusted EBITDA

$2.1M

Previous: $1.24M+70.3%
Gross Margin

75.9%

Previous: 76.6%-0.9%
Capital Expenditures

-$9.47M

Previous: -$4.47M-111.6%
Free Cash Flow

-$9.8M

Previous: -$8.23M-19.1%
Net Income

-$333K

Previous: -$3.76M+91.1%
Operating Income

-$3.74M

Previous: -$2.85M-31.5%
Gross Profit

$25M

Previous: $20.4M+22.2%
Cash & Equivalents

$37.2M

Previous: $10.6M+252.1%
Total Assets

$331M

Previous: $308M+7.6%
Stock-Based Comp

$1.77M

Previous: $1.42M+25.1%

Revenue & EPS history

OrthoPediatrics · Revenue · Quarterly

$32.9M

Q2 2022+23.3%vs Q2 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

OrthoPediatrics · $32.9M total across 3 segments · Q2 2022

  • Trauma and Deformity
    $22.6M+25.8%
  • Scoliosis
    $9.42M+23.0%
  • Sports Medicine/Other
    $939K-15.0%

Forward guidance

The Company now expects its full year revenue to be in the range of $127 million to $130 million, representing growth of 30% to 33% over 2021 revenue.

Tailwinds

  • Full year revenue is expected to be in the range of $127 million to $130 million.
  • Revenue, excluding recent acquisitions, is expected to be in the range of $118 million to $121 million.
  • Annual set deployment of $24 million to $26 million is expected.
  • The company expects to generate several million dollars of adjusted EBITDA for full year 2022.

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 2022

Historical avgQ2 2022

-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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