Orthopediatrics Corp. files for $75 million IPO (MarketWatch)
Warsaw, IN-based OrthoPediatrics (Pending:KIDS) files an S-1 in preparation for a $75M IPO.
The medical device maker develops orthopedic implants and instruments to meet the specialized demands of pediatric surgeons and their patients. Its product offerings are categorized into three segments: Trauma & Deformity Correction, which includes its Locking Proximal Femur and Locking Cannulated Blade Systems; Spine, led by the RESPONSE Spine System, and Sports Medicine, with its ACL Reconstruction System.
2015 Financials ($M): Revenues: 31.0 (+30.9%); Operating Expenses: 28.2 (+18.9%); Net Loss: (12.7) (+1.0%); CF Ops: (0.9) (+91.0%).
Orthopediatrics Corp. has filed for an initial public offering to sell $75 million worth of shares, according to a filing. The Warsaw, Ind., pediatric medical-device company said its sales reached $31 million last year, from $10 million in 2011, reflecting a compound annual growth rate of 32%. The company has operated in the red, however, and it lost $7.9 million in 2015, from $9.5 million in 2014. The company is expected to list its stock on the Nasdaq stock exchange under the symbol KIDS.