OFIX Q1 2024 Earnings — Orthofix Medical Inc. Revenue & Financial Results | Market Cap Arena

OFIXOrthofix Medical Inc.

$503M

Q1 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$189M+7.7% YoY

Gross Profit

$127M67.5% margin

Operating Income

-$29M-15.6% margin

Net Income

-$36M-19.1% margin

EPS (Diluted)

$-0.95

QoQ Revenue Growth

-5.9%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$29M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$906M

Total Liabilities

$336M

Stockholders' Equity

$570M

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$175M	+7.7%
Gross Profit	$127M	$110M	+15.3%
Operating Income	-$29M	-$60M	+50.9%
Net Income	-$36M	-$61M	+40.9%

Revenue Segments

Global Spine

$161M86%

Global Orthopedics

$27M14%

Geographic Segments

Non-US

$29M100%