Up 44% Since IPO: Why a Major Fund Just Made a $45 Million Bet on This Digital Health Stock

Core Insights - Braidwell initiated a new stake in Hinge Health, acquiring 910,476 shares valued at approximately $44.7 million during the third quarter [1][2][3] - Hinge Health's stock price increased by 43% since its IPO, outperforming the S&P 500 index [3] Company Overview - Hinge Health specializes in digital solutions for musculoskeletal health, utilizing a scalable software platform to address chronic pain and rehabilitation needs [6][9] - The company operates a software-as-a-service (SaaS) model, providing subscription-based digital health solutions to large employers, health insurers, and healthcare providers [9][10] Financial Performance - Hinge Health reported a 53% year-over-year revenue increase in the third quarter, reaching $154.2 million [10] - The company's GAAP gross margin expanded to 82%, and free cash flow reached a record $81.3 million [10] - Hinge Health's updated guidance projects full-year revenue growth of 47% and non-GAAP operating income between $106 million and $108 million [12] Market Position - Hinge Health's new position accounts for 1.8% of Braidwell's $2.5 billion in reportable U.S. equity assets under management [3][11] - The company has over 1.5 million lifetime members and a 25% increase in clients, totaling 2,560 [10]