Welcome to our dedicated page for Orthopedia news (Ticker: KIDS), a resource for investors and traders seeking the latest updates and insights on Orthopedia stock.
OrthoPediatrics Corp. (NASDAQ: KIDS) is an orthopedic medical device company focused exclusively on pediatric orthopedics, and its news flow reflects this specialization. Company announcements frequently cover revenue updates, financial guidance, and quarterly earnings, where OrthoPediatrics discusses performance across its trauma and deformity, scoliosis, and specialty bracing (OPSB) product lines, as well as metrics such as the number of children treated with its systems.
Readers following KIDS news can expect regular updates on financial results and outlook, including preliminary unaudited revenue releases, full quarterly earnings reports, and adjustments to annual guidance. These releases often highlight contributions from specific product categories, trends in domestic and international revenue, and management’s commentary on operational initiatives such as restructuring efforts and cost management.
OrthoPediatrics also issues news on product development and regulatory milestones. Recent examples include FDA approval of the 3P Pediatric Plating Platform Small-Mini System, additional FDA clearances within a single year, and EUMDR certification for spine, trauma, and deformity implants and instruments. The company reports on first clinical procedures with new systems, such as the VerteGlide Spinal Growth Guidance System for early onset scoliosis, and on portfolio expansions like new PediHip bracing products within OPSB.
In addition, KIDS news includes strategic and corporate updates, such as distribution partnerships (for example, with MY01 for Continuous Perfusion Sensing Technology), expansion of OPSB clinics and territories, participation in healthcare and investor conferences, and changes to the board of directors. Investors and observers who monitor this news stream gain insight into how OrthoPediatrics is evolving its pediatric orthopedic platform, broadening its product offering, and engaging with clinicians and the capital markets.
OrthoPediatrics Corp. (Nasdaq: KIDS) announced its Diamond sponsorship for the 31st Annual Baltimore Limb Deformity Course, returning to a live format after a virtual event in 2020. The event will take place from August 4 to 8 in Baltimore, Maryland, where the company will offer registration scholarships to residents and fellows. OrthoPediatrics will also showcase its External Fixation portfolio through hands-on demonstrations and workshops. Newly appointed CEO David Bailey emphasized the event's significance in pediatric orthopedic education.
OrthoPediatrics Corp. (NASDAQ: KIDS) is set to announce its second quarter 2021 financial results on August 5, 2021, prior to market opening. A conference call will follow at 8:00 a.m. ET, providing insights into the financial performance. Interested parties can join via dial-in numbers or online webcast. OrthoPediatrics, established in 2006, focuses exclusively on pediatric orthopedics, offering 36 surgical systems across major categories such as trauma, scoliosis, and sports medicine. The company distributes globally, affecting pediatric orthopedic care.
OrthoPediatrics Corp. (NASDAQ: KIDS) has launched its 6.5mm/7.3mm Slipped Capital Femoral Epiphysis (SCFE) Cannulated Screw system after receiving FDA 510(k) clearance. This innovative system features fully and partially threaded screws designed specifically for pediatric patients, available in 2mm increments. The addition expands OrthoPediatrics' offerings, which now includes screws in multiple sizes to meet the needs of pediatric orthopedic surgeons. This launch reinforces the company's commitment to advancing pediatric orthopedic care.
OrthoPediatrics Corp (Nasdaq: KIDS) announced participation in the 2021 JMP Securities Life Sciences Conference on June 17, 2021. Key executives, including CEO Dave Bailey, COO and CFO Fred Hite, and Executive Chairman Mark Throdahl, will engage in a fireside chat at 12:00pm ET. An audio webcast of the event will be available on the company's investor relations website, with a replay accessible for 90 days post-event. OrthoPediatrics specializes in pediatric orthopedics, offering 36 surgical systems across trauma, scoliosis, and sports medicine.
OrthoPediatrics Corp. (Nasdaq: KIDS) has completed a leadership transition, appointing David Bailey as the new Chief Executive Officer, succeeding Mark Throdahl, who will remain as Executive Chairman. Throdahl praised Bailey's experience since joining the company in 2007, expressing confidence in his leadership. Bailey emphasized that the company's strategy will remain unchanged, focusing on executing growth plans and delivering innovative products for pediatric orthopedic surgeons to improve children's lives. The company markets 36 surgical systems across key categories in pediatric orthopedics.
OrthoPediatrics Corp. (Nasdaq: KIDS) has launched its RESPONSE™ Neuromuscular Scoliosis System, marking its 36th surgical system introduction. The system, cleared by the FDA in 2020, targets pediatric patients with neuromuscular scoliosis, developed in collaboration with pediatric orthopedic surgeons. This innovative system integrates with existing RESPONSE Scoliosis offerings and aims to enhance surgical efficiency and patient outcomes. OrthoPediatrics focuses exclusively on pediatric orthopedic solutions, distributing in the U.S. and 45 other countries.
OrthoPediatrics Corp. (NASDAQ: KIDS) has reaffirmed its support for the 2021 Pediatric Orthopaedic Society of North America (POSNA) annual meeting, which saw over 400 participants despite COVID-19 challenges. As a Double Diamond Sponsor, the company contributed to educational symposia and scholarships. The press release highlighted its Scoliosis franchise, particularly the ApiFix technology, designed for less invasive scoliosis correction. With 48 patents and a focus on pediatric orthopedics, OrthoPediatrics is dedicated to enhancing treatment options for children.
OrthoPediatrics Corp. (KIDS) reported a 31.2% year-over-year revenue increase for Q1 2021, totaling $21.5 million. Domestic revenue grew by 25.8%, while international revenue surged 55.6%. The company achieved notable revenue gains across various segments: Trauma & Deformity revenue rose 19.2%, Scoliosis by 60.4%, and Sports Medicine/Other by 120.5%. Despite an operating loss of ($6.0 million) and a net loss of ($10.4 million), OrthoPediatrics maintains a strong balance sheet with $78.0 million in cash. The company has raised its 2021 revenue guidance to a range of $94-98 million.
OrthoPediatrics Corp. (Nasdaq: KIDS) will participate in a fireside chat at the 7th Annual Truist Securities 2021 Life Sciences Summit on May 5, 2021. The session will feature company executives including President Dave Bailey, COO and CFO Fred Hite, and CEO Mark Throdahl. The fireside chat will provide insights into the advancement of pediatric orthopedics, showcasing OrthoPediatrics' commitment to improving children's lives through innovative surgical systems. The event will be available via a webcast at 1:00 PM ET, with a replay available for 90 days.
OrthoPediatrics Corp. (NASDAQ: KIDS) will release its Q1 2021 financial results on May 5, 2021, after the market closes. A conference call to discuss these results is scheduled for May 6, 2021, at 8:00 a.m. ET, with dial-in numbers for domestic and international participants. The company focuses exclusively on pediatric orthopedics, offering a broad range of surgical systems across trauma, scoliosis, and sports medicine. Its products are distributed in the U.S. and 44 other countries.