OFIX Q1 2023 Earnings — Orthofix Medical Inc. Revenue & Financial Results | Market Cap Arena

OFIXOrthofix Medical Inc.

$503M

Q1 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$175M+64.6% YoY

Gross Profit

$110M63.0% margin

Operating Income

-$60M-34.1% margin

Net Income

-$61M-34.8% margin

EPS (Diluted)

$-1.71

QoQ Revenue Growth

+43.3%

Cash Flow

Operating Cash Flow

-$34M

Free Cash Flow

-$46M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$917M

Total Liabilities

$253M

Stockholders' Equity

$664M

Cash & Equivalents

$50M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$175M	$106M	+64.6%
Gross Profit	$110M	$78M	+41.3%
Operating Income	-$60M	-$3M	-1840.0%
Net Income	-$61M	-$4M	-1266.3%

Revenue Segments

Global Spine

$149M57%

Bone Growth Therapies

$48M18%

Biologics

$41M15%

Global Orthopedics

$26M10%

Geographic Segments

Global Spine

$149M76%

Bone Growth Therapies

$48M24%