Welcome to our dedicated page for Orthofix Med news (Ticker: OFIX), a resource for investors and traders seeking the latest updates and insights on Orthofix Med stock.
Orthofix Medical Inc. (NASDAQ: OFIX) is a leading medical device company providing orthopedic and spine solutions to healthcare providers worldwide. Founded in 1980 by orthopedic researcher Giovanni De Bastiani in Verona, Italy, the company has expanded to over 900 employees and operates in the U.S., Italy, Germany, France, the UK, Brazil, Australia, and Puerto Rico. Orthofix's products serve patients in more than 70 countries, focusing on enhancing patient quality of life through innovative medical solutions.
The company is structured into four strategic business units:
- BioStim: Offering bone growth stimulators using pulsed electromagnetic field technology.
- Biologics: Providing regenerative tissue products and biological solutions for bone and soft tissue repair.
- Extremity Fixation: Specializing in devices for fracture repair, deformity correction, and bone reconstruction.
- Spine Fixation: Delivering comprehensive solutions for spinal implants and bone healing therapies.
Orthofix is committed to clinical research and innovation, continuously introducing new products to meet the evolving needs of the medical community. The company maintains strong partnerships with esteemed institutions like the Texas Scottish Rite Hospital for Children and the Musculoskeletal Transplant Foundation, reflecting its dedication to advancing orthopedic and spine care.
The majority of Orthofix's sales come from its global spine segment, primarily in the United States. The company's products are distributed through sales representatives, distributors, and subsidiaries across North America, Europe, and other international markets. Orthofix's solutions cater to hospitals, physicians, healthcare providers, and patients, aiming to improve treatment outcomes and patient well-being.
Latest News: Stay updated with the latest developments, product launches, and financial reports from Orthofix Medical Inc. to keep track of the company's performance and strategic initiatives.
Orthofix Medical reported record fourth quarter 2024 net sales of $215.7 million, an 8% increase from Q4 2023. U.S. Spine Fixation sales grew by 12%, and Bone Growth Therapies (BGT) sales hit a record $63.9 million, a 9% increase. Global Orthopedics sales rose by 18% to $35.8 million. Despite these gains, the company reported a net loss of $(29.1) million and EPS of $(0.75). Non-GAAP adjusted EBITDA was $23.9 million, up 22% from Q4 2023. For the full year 2024, net sales reached $799.5 million, a 7% increase, with a net loss of $(126.0) million and EPS of $(3.30). Non-GAAP adjusted EBITDA for the year was $67.4 million, a 46% increase. Orthofix discontinued its M6 artificial disc product lines to focus on more profitable growth areas. The company provided 2025 guidance, expecting net sales between $818 million to $826 million and adjusted EBITDA between $82 million to $86 million. Free cash flow is expected to be positive for 2025.
Orthofix Medical (NASDAQ:OFIX) has announced its participation in the Canaccord Genuity 2025 Musculoskeletal Conference in San Diego. The company's management will deliver a presentation on Monday, March 10, 2025, at 9:00 AM Pacific Time.
Investors and interested parties can access both the live and archived versions of the presentation through the 'Events & Presentations' section on Orthofix's investor relations website at ir.orthofix.com. The company regularly posts important investor information on its website www.orthofix.com under the 'Investors' section, and encourages current and potential investors to monitor this platform for updates.
Orthofix Medical (NASDAQ:OFIX) has scheduled the release of its fourth quarter and full-year 2024 financial results for Tuesday, February 25, 2025, before the market opens. The company will host a conference call and webcast at 8:30 am Eastern Time on the same day to discuss the results.
Participants can join the conference call by dialing (888) 596-4144 in the U.S. and (646) 968-2525 from other locations, using the event passcode 5184023. The webcast and earnings release will be available on the company's investor relations website at ir.Orthofix.com.
Orthofix Medical (NASDAQ:OFIX) has announced its leadership team's participation in two upcoming investor conferences. President and CEO Massimo Calafiore and CFO Julie Andrews will attend the Stifel 2024 Healthcare Conference in New York on November 18, 2024, with a fireside chat at 8:35 AM ET, and the Stifel MedTech Madness 2024 Annual West Coast Bus Tour in Laguna Beach on December 9, 2024, with a fireside chat at 8:00 AM PT. Live webcasts and replays will be available on the Orthofix website's Investors section.
Orthofix Medical (NASDAQ:OFIX) has secured a new $275 million senior-secured term loan with Oxford Finance , featuring a 48-month interest-only period. The initial $160 million will retire existing credit facilities, while the remaining $115 million will be available after January 2025. Of this amount, $65 million will be accessible at borrower's option through June 2026, and $50 million at lender's discretion through January 2029. The company reports significant improvements in adjusted EBITDA and achieving free cash flow positive status in 2024, supporting their strategy for long-term profitable growth.
Orthofix Medical (NASDAQ:OFIX) reported Q3 2024 financial results with net sales of $196.6 million, representing a 7% increase year-over-year. The company reported a net loss of $(27.4) million, or $(0.71) per share. Notable highlights include 18% growth in U.S. Spine Fixation, 9% growth in Bone Growth Therapies, and a record quarter for U.S. Orthopedics with 15% growth. The company maintained its full-year 2024 guidance of $795-800 million in net sales and $64-69 million in adjusted EBITDA, while introducing new 2027 financial targets including 6-7% net sales CAGR from 2025-2027.
Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, has announced its participation in the Stifel 2024 Healthcare Conference in New York. The company's management is scheduled to present on Monday, November 18, 2024, at 8:35 am Eastern Time.
Interested parties can access the live and archived webcast of the presentation in the "Events & Presentations" section of the Orthofix investor relations website at ir.orthofix.com. The company also routinely posts important information for investors in the "Investors" section of its website at www.orthofix.com, encouraging investors and potential investors to consult the website regularly for important information about Orthofix.
Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, has announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024 before market open. The company will host a conference call and webcast to review the results at 8:30 am ET on the same day.
Interested parties can access the conference call by dialing (888) 330-2508 in the U.S. and (240) 789-2735 in all other locations, using the event passcode 9556380. A replay of the call will be available for three weeks. The webcast and a copy of the release can be accessed at ir.Orthofix.com. Orthofix routinely posts important investor information on its website at www.orthofix.com.
Orthofix Medical Inc. (NASDAQ:OFIX) announced new data supporting the use of their SpinalStim™ bone growth therapy device for increasing fusion rates in lumbar spine fusion surgery. The study, to be presented at the North American Spine Society (NASS) Annual Meeting, showed high fusion success rates and significant improvements in patient outcomes despite risk factors for pseudarthrosis.
At NASS, Orthofix is also showcasing new products including:
- The full market launch of OsteoStrand™ Plus C, a 100% bone-derived graft with improved packability
- The launch of M6-C™ Single-Use, Disposable Instrumentation sets for cervical disc arthroplasty
Orthofix is sponsoring educational events on the 7D FLASH™ Navigation System and optimizing fusion techniques. Attendees can visit booth #3017 to learn more about Orthofix's spine solutions.
Orthofix Medical Inc. (NASDAQ:OFIX) has appointed Patrick Fisher as President of the Global Orthopedics business. Fisher, who will report to CEO Massimo Calafiore, joins from Stryker where he was Vice President and General Manager of the Foot and Ankle business unit. He previously served as President of Lower Extremity and Biologics at Wright Medical.
Fisher brings extensive experience in developing and executing innovative strategies for commercial optimization across various aspects of the orthopedics industry. As an inducement to join Orthofix, he was granted performance-based and time-based vesting restricted stock units, as well as stock options, totaling 81,151 shares at target achievement.
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