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OrthoPediatrics Corp (KIDS)
NASDAQ:KIDS
Holding KIDS?
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.3Last Year’s EPS
-$0.23Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -27.69%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and increased guidance, with significant achievements in scoliosis and international markets. However, challenges such as decreased gross margins and increased operating expenses were noted. The overall sentiment is positive due to robust revenue growth and strategic advancements, despite some operational challenges.Company Guidance
During the third quarter of 2024, OrthoPediatrics reported impressive financial and operational performance, marked by a 37% year-over-year revenue increase, reaching a record $54.6 million. The company helped over 33,000 children in Q3, contributing to a total of over 100,000 for the year and more than 1 million since inception. Key growth segments included Trauma and Deformity (T&D) and Scoliosis, with the latter experiencing a remarkable 52% growth. The company saw a 46% increase in U.S. revenue, driven by market share gains and the integration of Boston O&P. International revenue also grew by 12%, although it was tempered by previous year comparisons. OrthoPediatrics raised its full-year 2024 revenue guidance to $202-$204 million, reflecting a growth rate of 36%-37%, and anticipates achieving cash flow breakeven by 2026. The company emphasized continued product innovation and market expansion, particularly with the upcoming launch of the P3 hip system and further expansion in the OPSB segment.Record Revenue Growth
OrthoPediatrics delivered record revenue of $54.6 million in Q3 2024, representing global growth of 37% from the same period in 2023.
Significant Increase in Children Helped
The company helped over 33,000 kids in Q3, a 50% increase year-over-year.
Scoliosis Segment Surge
Scoliosis revenue increased by 52% compared to the prior year, driven by strong case scheduling and new user onboarding.
Positive International Growth
International revenue grew by 12% year-over-year, with notable over 100% growth in international scoliosis.
Increased Guidance for 2024
Full-year 2024 revenue guidance was raised to $202-$204 million, indicating year-over-year growth of 36% to 37%.
New Product Launches
Successful launch of new products like PNP Tibia and DF2, with DF2 receiving additional FDA indication approval.
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KIDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KIDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $30.95 | $27.49 | -11.18% |
| Aug 05, 2024 | $29.04 | $27.26 | -6.13% |
| May 06, 2024 | $33.60 | $34.70 | +3.27% |
| Mar 06, 2024 | $26.94 | $28.73 | +6.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OrthoPediatrics Corp (KIDS) report earnings?
OrthoPediatrics Corp (KIDS) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is OrthoPediatrics Corp (KIDS) earnings time?
OrthoPediatrics Corp (KIDS) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KIDS EPS forecast?
KIDS EPS forecast for the fiscal quarter 2024 (Q4) is -$0.3.
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