secwatch.observer — SEC 8-K summary
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Issuer:     SHOULDER INNOVATIONS, INC. (SI)
CIK:        0001699350
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001699350-25-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoulder Innovations Q2 revenue $11M (+33% YoY); FY2025 guidance $42-44M
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- Q2 net revenue $11.0M, up 33% YoY; gross margin 76.2% (vs 76.9%).
- Net loss $19.2M vs $4.2M loss in Q2 2024, driven by $13.1M fair value charge on warrant liability and purchase option.
- FY2025 revenue guidance $42M-$44M, implying ~33-39% growth over FY2024.
- Raised $115M total gross proceeds from IPO ($75M) and convertible notes ($40M) in July/Aug 2025.
- Appointed Rick Buchholz to board; launched InSet 70 humeral stem product.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699350/000169935025000008/0001699350-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699350/000169935025000008/si-20250909.htm
  HTML page:      https://secwatch.observer/filing/0001699350-25-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer