NASDAQ$KIDS

OrthoPediatrics Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

OrthoPediatrics experienced revenue growth and strategic advancements.

OrthoPediatrics Corp. reported a strong fourth quarter and full year 2019, marked by a 30.1% increase in Q4 revenue to $19.0 million and a 26.0% increase in full-year revenue to $72.6 million. The company launched new products, expanded its sales organization, and strengthened its cash position through a follow-on offering.

  • Total revenue increased to $19.0 million, up 30.1% from Q4 2018.
  • Trauma and Deformity revenue grew by 34%, Scoliosis by 21%, and Sports Medicine/Other by 18%.
  • Launched PediFoot Deformity Correction System and QuickPack™ bone graft substitute.
  • Strengthened cash position with $60 million in net proceeds from follow-on offering.

Headline financials

Total Revenue

$19M

Previous: $14.6M+30.1%
EPS (adj)

-$0.29

Previous: -$0.19-52.6%
Gross Margin

76.2%

Previous: 72.2%+5.5%
Capital Expenditures

$1.28M

No prior period
Free Cash Flow

-$8.21M

No prior period
Net Income

-$5.4M

No prior period
Operating Income

-$3.03M

No prior period
Gross Profit

$14.5M

No prior period
Cash & Equivalents

$72M

No prior period
Total Assets

$195M

No prior period
Stock-Based Comp

$707K

No prior period

Revenue & EPS history

OrthoPediatrics · Revenue · Quarterly

$19M

Q4 2019+30.1%vs Q4 2018
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

OrthoPediatrics · $19M total across 3 segments · Q4 2019

  • Trauma and Deformity
    $13.6M+34.3%
  • Scoliosis
    $4.89M+20.7%
  • Sports Medicine/Other
    $430K+17.8%

Forward guidance

OrthoPediatrics provided full year 2020 revenue guidance of growth in the range of 22%-24% and investment in consignment sets to be in a range of $19-$21 million.

Tailwinds

  • Revenue growth in a range of 22% to 24% year-over-year
  • Investing $19-$21 million in consigned sets for 2020
  • Focus on deploying capital-efficient systems
  • Realizing the revenue impact from the full roll-out of recent product launches
  • Commitment to pediatric-specific surgical solutions

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 Q4 2019

Historical avgQ4 2019

-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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