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Stock impact report

Orthofix Reports Fourth Quarter and Full Year 2023 Results

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: Business Wire
Recent HighlightsFourth quarter 2023 net sales of $200.4 million, an increase of 64% on a reported basis and 7% on a pro forma constant currency basisBone Growth Therapies net sales growth of 15% for the fourth quarter of 2023, marking four consecutive quarters with double-digit net sales increases, representing the strongest quarter of Bone Growth Therapies sales in the history of OrthofixU.S. Orthopedic net sales growth of 11% for the full year 2023U.S. spine fixation1 net sales growth of 13.5% in Q4 2023 with net distributor additions since the third quarter of 2023Fourth quarter 2023 net loss of $22 million; Non-GAAP Adjusted EBITDA of $20 million, or 10% of sales, representing 96% growth over the fourth quarter of 2022Achieved $32 million in annualized merger-related synergies for the full year ended December 31, 2023 LEWISVILLE, Texas--(BUSINESS WIRE)--Orthofix Medical Inc. (NASDAQ:OFIX) today reported its financial results for the fourth quarter and year ended December 31, 2 Show less Read more
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