Orthofix files SeaSpine audited FY2021 financials: revenue $191.5M, net loss $54.3M

Orthofix Medical Inc.

SeaSpine 2021 revenue $191.5M (+24% YoY); operating loss $61.0M.
Net loss $54.3M in 2021 vs $43.2M in 2020; diluted EPS loss $1.62.
SeaSpine acquired 7D Surgical in May 2021 for $120.6M, adding $84.6M goodwill.
Pro forma combined Orthofix+SeaSpine financials filed as Exhibit 99.3 (not detailed in this excerpt).
Merger of Orthofix and SeaSpine completed Jan 5, 2023; this amendment supplies required financials.

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