NASDAQ$KIDS

OrthoPediatrics Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

OrthoPediatrics experienced a slight revenue decrease in Q4 2020 due to a revenue reduction related to a distributor conversion, but saw strong domestic growth and international sales agency growth.

OrthoPediatrics reported Q4 2020 revenue of $18.9 million, a 0.1% decrease compared to Q4 2019. The company experienced a $2.7 million revenue reduction due to a distributor conversion in Germany, Austria, and Switzerland. Domestic revenue grew by 26.1%, while international sales agency revenue increased by 51%.

  • Total revenue for the fourth quarter was $18.9 million, a 0.1% decrease compared to the same period last year.
  • U.S. revenue increased by 26.1% compared to the prior year.
  • International revenue decreased by 77.7% compared to the same period last year.
  • Gross profit margin improved to 79.9%, compared to 76.2% for the same period last year.

Headline financials

Total Revenue

$18.9M

Previous: $19M-0.1%
EPS (adj)

-$0.73

Previous: -$0.29-151.7%
Adjusted EBITDA

-$2.6M

No prior period
Gross Margin

79.9%

Previous: 76.2%+4.9%
Capital Expenditures

$4.06M

Previous: $1.28M+216.9%
Free Cash Flow

-$4.21M

Previous: -$8.21M+48.7%
Net Income

-$14M

Previous: -$5.4M-159.5%
Operating Income

-$26.8M

Previous: -$3.03M-782.7%
Gross Profit

$15.1M

Previous: $14.5M+4.6%
Cash & Equivalents

$28.8M

Previous: $72M-60.1%
Total Assets

$320M

Previous: $195M+64.7%
Stock-Based Comp

$1.48M

Previous: $707K+109.9%

Revenue & EPS history

OrthoPediatrics · Revenue · Quarterly

$18.9M

Q4 2020-0.1%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

OrthoPediatrics · $18.9M total across 3 segments · Q4 2020

  • Trauma and Deformity
    $11.3M-17.3%
  • Scoliosis
    $6.64M+35.7%
  • Sports Medicine/Other
    $1.01M+134.9%

Forward guidance

For full year 2021, OrthoPediatrics expects sales to reach $93-98 million, representing a range of 31%-38% growth.

Tailwinds

  • Expects domestic growth to continue, approaching pre-COVID levels.
  • Expects significant improvement in international sales due to the recovery by stocking distributors and continued sales agency growth, starting in the first quarter of 2021.

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 2020

Historical avgQ4 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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