OrthoPediatrics Loss Widens, Despite Record Revenues

Posted: Updated:
Mark Throdahl is CEO of OrthoPediatrics. (photo courtesy Nasdaq) Mark Throdahl is CEO of OrthoPediatrics. (photo courtesy Nasdaq)
WARSAW -

Warsaw-based OrthoPediatrics Corp. (Nasdaq: KIDS) is reporting a full-year net loss of $12 million in 2018, compared to a loss of $8.9 million the previous year. Despite the drop, the pediatric medical device manufacturer says it hit record revenue for the year.

Chief Executive Officer Mark Throdahl says 2018 was the company's 10th consecutive year of annual revenue growth of more than 20 percent. He says the record growth was supported by increased investments in consigned sets, product innovation, ongoing conversions of international sales agencies, and clinical education. 

"In addition to our revenue and profitability achievements in 2018, our strengthened balance sheet following a successful secondary raise in December positions us well for sustainable future growth," said Throdahl. "This capital supports our increased investment in consignment set deployment to a range of $15 million to $17 million for 2019 and provides us with the opportunity to welcome new technologies that could expand our product offering and growth outlook."

You can view the full earnings report by clicking here.

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Rendering courtesy of Two EEs Winery

      Two-EE's Winery to Adopt New Age Policy

      Two-EE's Winery in Huntington has announced it will adopt a new age policy begining in August. Our partners at WPTA-TV report the winery will no longer allow people aged under 21 to visit the establishment due to ongoing problems with unsupervised or misbehaving children. 

    • (Image courtesy of Elanco)

      Elanco Acquisition Moves Forward

      Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) is one step closer to adding to its portfolio. Shareholders of Aratana Therapeutics Inc. (Nasdaq: PETX), voted overwhelmingly in favor of proposed $245 million purchase by Elanco.

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.

    • (Image courtesy of the Ports of Indiana)

      Indiana Port to Host U.S. Navy Vessel Ceremony

      Port of Indiana-Burns Harbor to Host First Commissioning Ceremony in Indiana for a U.S. Navy Vessel Littoral Combat Ship Will Bear USS Indianapolis Name The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship. 

    • (photo courtesy of the city of Bloomington)

      Bloomington Planning 'Kiln' Redevelopment

      The city of Bloomington is looking to continue the redevelopment of the former Showers Brothers Furniture Co. complex. Following the successful renovation of a former furniture factory into The Mill coworking space and incubator, the city is now planning to sell the Kiln, a one-story facility that was previously used to dry lumber before being used to fabricate furniture. The Kiln is located adjacent to The Mill and Alex Crowley, director of economic and sustainable development for...