MARKET COMPOSITE
OFIX - Orthofix Medical Inc8:00:00 PM 4/25/2024
Price
$13.10
-0.46 (-3.39%)
Orthofix Medical Inc., a medical device company, provides musculoskeletal healing products and therapies worldwide. It operates through two segments, Global Spine and Global Extremities. The Global Spine segment manufactures, distributes, and provides support services for bone growth stimulator devices that enhance bone fusion as well as used as a therapeutic treatment for non-spinal appendicular fractures. This segment also designs, develops, and markets a portfolio of motion preservation and fixation implant products, which are used in surgical procedures of the spine; and a portfolio of regenerative products and tissue forms that allow physicians to treat a range of spinal and orthopedic conditions. The Global Extremities segment designs, develops, and markets orthopedic products that are used in fracture repair, deformity correction, and bone reconstruction procedures. The company markets and distributes its products through direct sales representatives; independent distributors; and employed and independent sales representatives to physicians, hospitals, ambulatory surgery centers, integrated health delivery systems, and other purchasing organizations. The company was formerly known as Orthofix International N.V. and changed its name to Orthofix Medical Inc. in July 2018. Orthofix Medical Inc. was founded in 1987 and is headquartered in Lewisville, Texas.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue200.4MM+9%
Gross Profit136.6MM+14%
Cost Of Revenue63.8MM-1%
Operating Income-18.3MM-25%
Operating Expenses154.9MM-
Net Income-22.2MM-23%
R&D18.9MM+2%
G&A34.5MM+27%
Marketing97.7MM+3%
Amortization14MM+7%
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