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Stock impact report

Orthofix (OFIX) Q4 Earnings Beat Estimates, Gross Margin Up [Yahoo! Finance]

Orthofix Medical Inc. (OFIX) 
Last orthofix medical inc. earnings: 2/24 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.orthofix.com
Company Research Source: Yahoo! Finance
However, the figure beat the Zacks Consensus Estimate by 1.7%. Per the company earnings release, the comparisons with the year-ago period are carried out on a pro forma basis, which includes the combined results of Orthofix and SeaSpine in 2022. Total Revenues Revenues in the fourth quarter totaled $200.4 million, up 63.9% year over year on a reported basis and 7.5% on a pro forma basis. The metric beat the Zacks Consensus Estimate by 2%. Full-Year Results Orthofix Medical recorded total revenues of $746.6 million in 2023, an increase of 62% on a reported basis and 6% on a pro forma basis. In 2023, the loss per share was $4.12 compared with a pro forma loss of $2.39 in 2022. Segmental Details Across product categories, Bone Growth Therapies ' (BGT) revenues totaled $58.8 million, up 15.3% year over year on a reported basis and pro forma basis. The rise was driven by revenues from the company's most recent bone growth therapy solution for fracture care, which grew nearly Show less Read more
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