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OrthoPediatrics Corp. Achieves Record Preliminary Unaudited Revenue for Full Year 2024 and Issues 2025 Financial Guidance
Globenewswire· 2025-01-13 21:00
Core Insights - OrthoPediatrics Corp. achieved record full year 2024 revenue of $205 million, reflecting a 38% year-over-year growth [1][6] - The company initiated guidance for adjusted EBITDA in 2025, projecting between $15 million to $17 million [3][4] 2024 Business and Financial Highlights - The preliminary unaudited full year 2024 net revenue is $204.7 million, up from $148.7 million in 2023, marking a 38% increase [6] - Domestic net revenue for 2024 is expected to be $161.1 million, representing a 45% annual growth, while international net revenue is projected at $43.6 million, a 16% annual growth [6] - In Q4 2024, the company generated preliminary unaudited net revenue of $52.7 million, a 40% increase from $37.6 million in Q4 2023 [6] - Domestic Q4 net revenue is expected to be $42.9 million, reflecting a 52% growth year-over-year, while international net revenue is projected at $9.8 million, a 5% increase [6] 2025 Financial Guidance - OrthoPediatrics projects 2025 revenue to be between $235 million and $242 million, indicating a growth of 15% to 18% compared to 2024 [3] - The company anticipates annual set deployment to be approximately $15 million [3] Strategic Initiatives and Market Position - The company continues to grow its market share in pediatric orthopedics, with strong performance in its Trauma and Deformity and Scoliosis businesses [4] - The specialty bracing business has been identified as a significant market opportunity, with plans for expansion and scaling in the coming years [4] Company Overview - Founded in 2006, OrthoPediatrics focuses exclusively on pediatric orthopedics, offering over 70 products across trauma and deformity, scoliosis, and sports medicine categories [10] - The company distributes its products in the U.S. and over 70 countries globally [10]
OrthoPediatrics Corp. Announces Expansion of Specialty Bracing Division
Globenewswire· 2025-01-10 13:05
WARSAW, Ind., Jan. 10, 2025 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced the rapid expansion of its Specialty Bracing (OPSB) division with entrance into 3 target markets within Indiana, Colorado, and Florida. Each of these new locations broadens the Company’s position in targeted geographies to partner with pediatric orthopedic surgeons in the region to treat chil ...
OrthoPediatrics Corp. Expands Specialty Bracing Portfolio with Two New Products
GlobeNewswire News Room· 2024-12-05 13:05
WARSAW, Ind., Dec. 05, 2024 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics today announced that the OrthoPediatrics Specialty Bracing (OPSB™) division is expanding its product offering with the launch of two new products including the OPSB Sensor System and MOVE-D™. The OPSB Sensor System represents the first sensor solution in OrthoPediatrics’ portfolio and an important step forward ...
OrthoPediatrics(KIDS) - 2024 Q3 - Quarterly Results
2024-11-06 21:11
OrthoPediatrics Corp. Reports Third Quarter 2024 Financial Results and Increases Full Year 2024 Revenue Guidance Record Third Quarter 2024 Revenue Increased 37% Year-over-Year WARSAW, Ind., November 6, 2024 -- OrthoPediatrics Corp. ("OrthoPediatrics" or the "Company") (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Business Highlights • Helped a r ...
OrthoPediatrics Corp. to Report Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-23 20:05
Company Overview - OrthoPediatrics Corp. is focused exclusively on advancing pediatric orthopedics, having been founded in 2006 [2] - The company has developed a comprehensive product offering with over 70 products targeting trauma and deformity, scoliosis, and sports medicine [2] - OrthoPediatrics distributes its products in the United States and over 70 countries globally [2] Upcoming Financial Results - OrthoPediatrics is scheduled to release its third quarter 2024 financial results on November 6, 2024, after market close [1] - A conference call to discuss the results will be held on November 7, 2024, at 8:00 a.m. ET [1] - Investors can access a live and archived webcast of the conference call on the company's website [1]
Down -15.65% in 4 Weeks, Here's Why You Should You Buy the Dip in OrthoPediatrics (KIDS)
ZACKS· 2024-10-03 14:36
Core Viewpoint - OrthoPediatrics (KIDS) has faced significant selling pressure, resulting in a 15.7% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Stock Performance and Technical Indicators - KIDS shares have been heavily sold, with an RSI reading of 26.54, suggesting the stock is in oversold territory and may soon experience a reversal in trend [3]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30, indicating potential entry opportunities for investors [2]. Group 2: Earnings Estimates and Analyst Sentiment - There has been a strong consensus among sell-side analysts to raise earnings estimates for KIDS, leading to a 4.2% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [4]. - KIDS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [4].
NICKELODEON LETS KIDS' VOICES BE HEARD THIS ELECTION SEASON WITH RETURN OF KIDS PICK THE PRESIDENT "KIDS' VOTE" POLL AND BRAND-NEW SPECIAL
Prnewswire· 2024-10-03 12:00
Core Points - Nickelodeon is launching the "Kids Pick the President" initiative, allowing children to vote for their preferred presidential candidate, with results to be revealed in a special airing on October 28 [2][3] - The initiative aims to engage kids in the electoral process and empower them to express their opinions on important issues [4][5] Group 1: Initiative Details - The "Kids Pick the President" poll is an informal, non-scientific survey designed for entertainment purposes [2] - Voting can be done at kidspickthepresident.com, where children can also download an "I Voted" badge and learn about candidates and the electoral process [4] - The special will be available on multiple platforms including Nickelodeon, Paramount+, YouTube, and Nick.com [3] Group 2: Educational and Social Impact - The initiative is part of Nickelodeon's broader "Our World" program, which aims to inspire kids and provide resources for civic engagement [6] - Nickelodeon has a history of addressing social issues and encouraging kids to be agents of change through various initiatives [8] - The special will feature kids sharing their perspectives on topics such as the economy, AI, and health, highlighting the importance of youth voices in democracy [5] Group 3: Production and Leadership - The special is produced by Nickelodeon Productions, overseen by key executives including Ashley Kaplan and Paul J Medford [7] - The initiative has been supported by various organizations, emphasizing collaboration in promoting media literacy and civic engagement [6] Group 4: Brand Positioning - Nickelodeon, celebrating its 45th year, is recognized as the number-one entertainment brand for kids, focusing on diverse programming and initiatives that prioritize children's voices [9]
Bears are Losing Control Over OrthoPediatrics (KIDS), Here's Why It's a 'Buy' Now
ZACKS· 2024-09-25 14:55
Shares of OrthoPediatrics (KIDS) have been struggling lately and have lost 12.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...
Does OrthoPediatrics (KIDS) Have the Potential to Rally 36.3% as Wall Street Analysts Expect?
ZACKS· 2024-09-17 14:55
Core Viewpoint - OrthoPediatrics (KIDS) shows potential for significant upside, with a mean price target of $42.17 indicating a 36.3% increase from its current price of $30.94, supported by positive earnings estimate revisions and analyst agreement [1][9][11] Price Targets - The average price target for KIDS is $42.17, with estimates ranging from a low of $34 to a high of $50, reflecting a standard deviation of $5.23, indicating variability among analysts [2] - The lowest estimate suggests a 9.9% increase, while the highest points to a 61.6% upside, highlighting the potential for significant price movement [2] Analyst Sentiment - Analysts exhibit strong agreement on KIDS' earnings prospects, with a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][9] - The Zacks Consensus Estimate for KIDS has increased by 4.2% over the last 30 days, indicating a favorable outlook [10] Zacks Rank - KIDS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [11]
MY GYM AND SKECHERS LAUNCH SKECHERS KIDS MONTH
Prnewswire· 2024-09-17 13:03
Core Viewpoint - My Gym and Skechers have launched the first-ever Skechers Kids Month, providing engaging activities and promotions centered around the Skechers Hands Free Slip-ins® collection for children [1][2][6]. Group 1: Event Details - The Skechers Kids Month event runs until the end of September and includes various fun activities and giveaways at My Gym locations across North America [1][2]. - Families can participate in enter-to-win giveaways, receive exclusive digital coupons, and enjoy custom shoe coloring pages [3]. - The event features curriculum integration with My Gym's programs and immersive branding experiences throughout the gym [3][4]. Group 2: Addressing Family Needs - The partnership aims to alleviate the common challenge families face with shoe changes during My Gym classes, providing a hassle-free solution with Skechers Hands Free Slip-ins [4]. - This footwear solution simplifies the process for parents, allowing children to easily put on shoes without assistance [5]. Group 3: Expected Impact - The collaboration is anticipated to enhance brand awareness, attract new customers, and foster direct connections with families [6]. - The initiative is designed to create a relevant and engaging experience for young families, strengthening the relationship between the brands and their target audience [6]. Group 4: Company Background - My Gym has over 600 locations worldwide and has been a leader in children's fitness for over 40 years, offering programs that promote physical development [7]. - Skechers, a Fortune 500® company, designs and markets a wide range of footwear and accessories available in 180 countries, with approximately 5,200 retail stores [8].