earnings
confidence high
sentiment negative
materiality 0.65
Orthofix Q1 net loss $53.1M; lowers FY2025 net sales guidance to $808-816M
Orthofix Medical Inc.
2025-Q1 EPS reported
-$1.35
revenue$193,646,000
- Q1 pro forma net sales $189.2M, up 4.3% constant currency YoY; GAAP net loss $53.1M ($1.35/share) vs $36.0M loss year ago.
- Non-GAAP pro forma adjusted EBITDA $11.4M (6.0% margin), up 49% vs $7.7M in Q1 2024; adjusted gross margin 70.3%.
- Lowered FY2025 net sales guidance to $808-816M (pro forma) from $818-826M; reaffirms adjusted EBITDA $82-86M and positive free cash flow.
- U.S. Spine Fixation +4%, BGT +5%, Global Orthopedics constant currency +11% YoY; TrueLok Elevate TBT System received FDA clearance.
- Management cites commercial channel optimization causing temporary softness; expects growth to normalize after distributor transitions.