OrthoPediatrics Q3 revenue rises, beats estimates
Overview
US pediatric orthopedics device maker's Q3 revenue rose 19% yr/yr, beating analyst expectations
Q3 adjusted EBITDA grew yr/yr
Company raised full-year 2026 revenue guidance
Outlook
OrthoPediatrics raises 2026 revenue guidance to $270 mln-$273 mln from $265 mln-$269 mln
Company expects 2026 adjusted EBITDA of about $25 mln and breakeven free cash flow
Company expects new product launches to drive financial performance in coming years
Result Drivers
TRAUMA & DEFORMITY GROWTH - Co said Q3 revenue growth was mainly driven by global Trauma and Deformity and OPSB product sales
HIGHER PROCEDURE VOLUMES - Co attributed Q3 growth to increased procedure volumes
PRODUCT EXPANSION - Co cited new and expanded product lines, including Cannulated Screws, PNP Femur, PediPlates, 3P Hip, and OPSB, as drivers of Trauma & Deformity revenue
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $72.70 mln | $68.50 mln (8 Analysts) |
Q3 Loss Per Share | $0.25 | ||
Q3 Net Loss | $5.93 mln | ||
Q3 Adjusted EBITDA | Miss | $6.90 mln | $8.38 mln (8 Analysts) |
Q3 Gross Margin | 74.00% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for OrthoPediatrics Corp is $25.00, about 4.1% above its October 26 closing price of $24.02
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)