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Stock impact report

Orthofix Medical Inc (OFIX) Reports Significant Sales Growth and Improved EBITDA in Q4 and Full ... [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
Net Loss : Q4 net loss narrowed to $22 million, showing a 19% improvement year-over-year. Adjusted EBITDA : Q4 adjusted EBITDA surged by 96% to $19.6 million, with full-year adjusted EBITDA up by 69% to $46.3 million. Gross Margin : Q4 gross margin stood at 68.2%, with a non-GAAP adjusted gross margin of 72.2%. 2024 Guidance : Orthofix projects net sales between $785 million to $795 million and adjusted EBITDA of $62 million to $67 million for the full year 2024. Liquidity : Cash and equivalents totaled $37.8 million as of December 31, 2023. Product Performance : Bone Growth Therapies and U.S. Orthopedic segments reported robust sales growth of 15% and 11% respectively for the year. Warning! GuruFocus has detected 4 Warning Signs with OFIX. Orthofix Medical Inc ( NASDAQ:OFIX ), a global medical device company specializing in orthopedic and spine solutions, announced its fourth quarter and full-year 2023 financial results, revealing significant growth in sales and improv Show less Read more
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