Despite record revenue, loss widens for OrthoPediatrics in 2024
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Warsaw-based OrthoPediatrics Corp. is reporting a full-year net loss of $37.8 million in 2024, compared to a loss of $21 million the previous year.
Despite the drop, the company said it generated record total annual revenue of nearly $205 million for the year.
OrthoPediatrics manufactures orthopedic medical devices for children and says its products helped 138,000 kids last year. CEO David Bailey said in a news release that the company delivered strong results.
“With an extremely diverse business we have multiple levers that drive growth and we saw strength across all segments,” Bailey said. “Looking ahead, we are positioned well to further build on our past success and achieve our long-term goal of helping one million kids per year.”
The company has raised its full-year 2025 revenue guidance to between $235 million and $242 million, a 15%-18% increase from 2024.
You can connect to the full earnings report by clicking here.