secwatch.observer — SEC 8-K summary
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Issuer:     SHOULDER INNOVATIONS, INC. (SI)
CIK:        0001699350
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001699350-25-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoulder Innovations Q3 revenue up 58% to $11.8M; raises FY25 guidance to $45-46M
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- Revenue $11.8M (+58% YoY); net loss $8.7M vs $4.1M loss in Q3 2024.
- Gross margin 76.2%; sold 1,584 implant systems (+53% YoY).
- Raises full-year 2025 revenue guidance to $45M-$46M from prior $42M-$44M.
- Cash $137M after IPO and convertible notes; FDA clearance for fracture indications.
- Adjusted EBITDA loss $7.5M vs $2.9M loss; SG&A $15.1M up 78% YoY on growth investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699350/000169935025000015/0001699350-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699350/000169935025000015/si-20251111.htm
  HTML page:      https://secwatch.observer/filing/0001699350-25-000015

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