2020 Q1 Form 10-Q Financial Statement
#000142545020000043 Filed on May 06, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
Revenue | $16.36M | $18.95M | $14.66M |
YoY Change | 11.6% | 30.09% | 21.18% |
Cost Of Revenue | $4.143M | $4.500M | $4.001M |
YoY Change | 3.55% | 11.11% | 26.02% |
Gross Profit | $12.21M | $14.45M | $10.66M |
YoY Change | 14.62% | 37.44% | 19.46% |
Gross Profit Margin | 74.67% | 76.25% | 72.7% |
Selling, General & Admin | $15.45M | $15.58M | $12.16M |
YoY Change | 27.03% | 40.36% | 0.52% |
% of Gross Profit | 126.46% | 107.82% | 114.12% |
Research & Development | $1.265M | $1.910M | $1.213M |
YoY Change | 4.29% | 49.22% | -0.41% |
% of Gross Profit | 10.36% | 13.22% | 11.38% |
Depreciation & Amortization | $1.375M | $1.410M | $828.0K |
YoY Change | 66.06% | 98.59% | 21.59% |
% of Gross Profit | 11.26% | 9.76% | 7.77% |
Operating Expenses | $16.71M | $17.48M | $13.37M |
YoY Change | 24.96% | 41.2% | 0.44% |
Operating Profit | -$4.497M | -$3.031M | -$2.717M |
YoY Change | 65.51% | 62.43% | -38.18% |
Interest Expense | -$380.0K | -$1.310M | -$300.0K |
YoY Change | 26.67% | 147.17% | -45.45% |
% of Operating Profit | |||
Other Income/Expense, Net | -$448.0K | $10.00K | -$303.0K |
YoY Change | 47.85% | -114.29% | -49.92% |
Pretax Income | -$4.945M | -$4.329M | -$3.020M |
YoY Change | 63.74% | 75.26% | -39.6% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$4.945M | -$5.429M | -$3.020M |
YoY Change | 63.74% | 119.98% | -39.6% |
Net Earnings / Revenue | -30.23% | -28.65% | -20.61% |
Basic Earnings Per Share | -$0.30 | ||
Diluted Earnings Per Share | -$0.30 | -$361.0K | -$210.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 16.42M shares | 14.97M shares | 14.54M shares |
Diluted Shares Outstanding | 16.42M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $53.60M | $70.80M | $52.80M |
YoY Change | 1.52% | 16.64% | 52.6% |
Cash & Equivalents | $53.58M | $70.78M | $52.77M |
Short-Term Investments | |||
Other Short-Term Assets | $2.900M | $2.800M | $1.500M |
YoY Change | 93.33% | 115.38% | 36.36% |
Inventory | $43.97M | $38.00M | $28.08M |
Prepaid Expenses | |||
Receivables | $14.12M | $16.00M | $10.30M |
Other Receivables | $600.0K | $600.0K | $500.0K |
Total Short-Term Assets | $115.1M | $128.1M | $93.11M |
YoY Change | 23.64% | 31.81% | 41.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $24.08M | $21.35M | $16.79M |
YoY Change | 43.42% | 67.21% | 36.72% |
Goodwill | $15.18M | $13.77M | |
YoY Change | |||
Intangibles | $2.106M | ||
YoY Change | -12.76% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $59.08M | $54.10M | $18.90M |
YoY Change | 212.66% | 2380.33% | 28.59% |
TOTAL ASSETS | |||
Total Short-Term Assets | $115.1M | $128.1M | $93.11M |
Total Long-Term Assets | $59.08M | $54.10M | $18.90M |
Total Assets | $174.2M | $182.2M | $112.0M |
YoY Change | 55.53% | 62.49% | 38.89% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $8.262M | $6.467M | $6.344M |
YoY Change | 30.23% | 62.86% | -11.85% |
Accrued Expenses | $3.000M | $4.300M | $2.700M |
YoY Change | 11.11% | 19.44% | 17.39% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $126.0K | $124.0K | $120.0K |
YoY Change | 5.0% | 5.08% | 5.26% |
Total Short-Term Liabilities | $13.83M | $13.66M | $10.82M |
YoY Change | 27.8% | 48.24% | 2.39% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $21.04M | $26.07M | $21.13M |
YoY Change | -0.43% | 23.21% | -16.53% |
Other Long-Term Liabilities | $57.00K | $63.00K | |
YoY Change | |||
Total Long-Term Liabilities | $21.10M | $26.13M | $21.13M |
YoY Change | -0.16% | 23.51% | -16.53% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $13.83M | $13.66M | $10.82M |
Total Long-Term Liabilities | $21.10M | $26.13M | $21.13M |
Total Liabilities | $34.93M | $39.79M | $31.96M |
YoY Change | 9.31% | 31.01% | -10.96% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$133.8M | -$128.8M | -$118.1M |
YoY Change | 13.26% | 11.93% | 9.3% |
Common Stock | $4.000K | $4.000K | $4.000K |
YoY Change | 0.0% | 0.0% | 100.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $187.0K | $0.00 | |
YoY Change | |||
Treasury Stock Shares | 4.014K shares | 0.000 shares | |
Shareholders Equity | $139.3M | $142.4M | $80.05M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $174.2M | $182.2M | $112.0M |
YoY Change | 55.53% | 62.49% | 38.89% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.945M | -$5.429M | -$3.020M |
YoY Change | 63.74% | 119.98% | -39.6% |
Depreciation, Depletion And Amortization | $1.375M | $1.410M | $828.0K |
YoY Change | 66.06% | 98.59% | 21.59% |
Cash From Operating Activities | -$6.956M | -$6.930M | -$3.471M |
YoY Change | 100.4% | 154.78% | -31.04% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.953M | -$1.380M | $4.963M |
YoY Change | -20.35% | -2860.0% | 79.11% |
Acquisitions | $1.670M | $0.00 | |
YoY Change | |||
Other Investing Activities | -$1.670M | -$150.0K | |
YoY Change | -70.0% | ||
Cash From Investing Activities | -$5.623M | -$1.530M | -$4.982M |
YoY Change | 12.87% | 232.61% | 70.03% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $187.0K | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | $29.00K | ||
YoY Change | 3.57% | ||
Cash From Financing Activities | -$4.530M | 59.97M | $536.0K |
YoY Change | -945.15% | 52.13% | -2014.29% |
NET CHANGE | |||
Cash From Operating Activities | -$6.956M | -6.930M | -$3.471M |
Cash From Investing Activities | -$5.623M | -1.530M | -$4.982M |
Cash From Financing Activities | -$4.530M | 59.97M | $536.0K |
Net Change In Cash | -$17.09M | 51.51M | -$7.917M |
YoY Change | 115.81% | 42.14% | -0.93% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$6.956M | -$6.930M | -$3.471M |
Capital Expenditures | $3.953M | -$1.380M | $4.963M |
Free Cash Flow | -$10.91M | -$5.550M | -$8.434M |
YoY Change | 29.35% | 100.36% | 8.07% |
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-3020000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1358000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
301000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1358000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
301000 | USD |
CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6303000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2719000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
142361000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4945000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1358000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
688000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
958000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1750000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
187000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3020000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
139267000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
81732000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3020000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
301000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
565000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
471000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
80049000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4945000 | USD |
CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1375000 | USD |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
828000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
958000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
471000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-760000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
1180000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5096000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2156000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
56000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
196000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1739000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2373000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1694000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-719000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-3000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-128000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6956000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3471000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1670000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
19000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3953000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4963000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5623000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4982000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
5000000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
187000 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
688000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
565000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
31000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
29000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4530000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
536000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-17086000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7917000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
72027000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
60691000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54941000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52774000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
379000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
303000 | USD |
CY2020Q1 | kids |
Transfer Of Property And Equipment To Inventory
TransferOfPropertyAndEquipmentToInventory
|
182000 | USD |
CY2019Q1 | kids |
Transfer Of Property And Equipment To Inventory
TransferOfPropertyAndEquipmentToInventory
|
217000 | USD |
CY2020Q1 | us-gaap |
Stock Issued1
StockIssued1
|
1750000 | USD |
CY2019Q1 | us-gaap |
Stock Issued1
StockIssued1
|
0 | USD |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
BUSINESS<div style="padding-right:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;">OrthoPediatrics Corp., a Delaware corporation, is a medical device company committed to designing, developing and marketing anatomically appropriate implants and devices for children with orthopedic conditions, giving pediatric orthopedic surgeons and caregivers the ability to treat children with technologies specifically designed to meet their needs. We sell our specialized products, including PediLoc</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:121%;vertical-align:top;">®</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;">, PediPlates</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:121%;vertical-align:top;">®</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;">, Cannulated Screws, PediFlex</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:4.22pt;font-weight:400;line-height:121%;vertical-align:top;">TM</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:121%;"> </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;">nail, PediNail</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:4.22pt;font-weight:400;line-height:121%;vertical-align:top;">TM</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;">, PediLoc</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:121%;vertical-align:top;">®</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;"> Tibia, ACL Reconstruction System, Locking Cannulated Blade, Locking Proximal Femur, Spica Tables, RESPONSE Spine, BandLoc, Pediguard, Pediatric Nailing Platform | Femur, Orthex, and QuickPack</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:4.22pt;font-weight:400;line-height:121%;vertical-align:top;">TM, </sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:121%;"> to various hospitals and medical facilities throughout the United States and various international markets. We currently use a contract manufacturing model for the manufacturing of implants and related surgical instrumentation. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In 2017, we expanded operations and established legal entities in the United Kingdom, Australia and New Zealand, permitting us to sell under an agency model direct to local hospitals in these countries. In September 2018, we further expanded operations in Canada selling direct to local hospitals, and in January 2019 we expanded to Belgium and the Netherlands. Additionally, in March 2019 we established a holding company and an operating company in the Netherlands and began selling direct to Italy in March 2020 enhancing our operations in Europe. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On June 4, 2019, we purchased all the issued and outstanding shares of stock of Vilex in Tennessee, Inc. ("Vilex") and all the issued and outstanding units of membership interests in Orthex, LLC ("Orthex") for $60,000 in total consideration. Vilex and Orthex (the "Vilex Companies") are primarily manufacturers of foot and ankle surgical implants, including cannulated screws, fusion devices, surgical staples and bone plates, as well as Orthex Hexapod technology which is used to treat pediatrics congenital deformities and limb length discrepancies.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On December 31, 2019, we divested substantially all of the assets relating to Vilex's adult product offerings to a wholly-owned subsidiary of Squadron Capital LLC ("Squadron") in exchange for a $25,000 reduction in a Term Note owed to Squadron in connection with the initial acquisition. As part of the sale, we also executed an exclusive license arrangement with Squadron providing for perpetual access to certain intellectual property and a mutual distribution agreement. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On March 9, 2020, we purchased all the issued and outstanding membership interest of Telos Partners, LLC ("Telos") for $3,500 in total consideration. Telos is a boutique regulatory consulting firm formed in Colorado. </span></div>Our largest investor is Squadron, a private investment firm based in Granby, Connecticut. | |
CY2019Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD |
CY2020Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-133767000 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-128822000 | USD |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of EstimatesPreparation of the condensed consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as of the date of the condensed consolidated financial statements. By their nature, these judgments are subject to an inherent degree of uncertainty. The impact of the coronavirus disease ("COVID-19") has significantly increased economic and demand uncertainty. We use historical experience and other assumptions as the basis for our judgments and estimates. Because future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Any changes in these estimates will be reflected in the condensed consolidated financial statements. | |
CY2019Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD |
CY2019Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2019Q2 | us-gaap |
Business Acquisition Share Price
BusinessAcquisitionSharePrice
|
40.76 | |
CY2019Q2 | kids |
Business Combination Escrow Deposit Maximum Term
BusinessCombinationEscrowDepositMaximumTerm
|
P20M | |
CY2020Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
737000 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
0 | USD |
CY2019 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
3397000 | USD |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
13773000 | USD |
CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
15179000 | USD |
CY2020Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
21169000 | USD |
CY2019Q4 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
26191000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
126000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
124000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
21043000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
26067000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2019Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
260000 | USD |
CY2014Q2 | kids |
Operating Loss Carryforwards Limitationson Use Estimated Amount Subjectto Limitation
OperatingLossCarryforwardsLimitationsonUseEstimatedAmountSubjecttoLimitation
|
16200000 | USD |
CY2014Q2 | kids |
Operating Loss Carryforwards Limitationson Use Estimated Amount Subjectto Limitation Annual Limit
OperatingLossCarryforwardsLimitationsonUseEstimatedAmountSubjecttoLimitationAnnualLimit
|
1062000 | USD |
CY2018Q4 | kids |
Operating Loss Carryforwards Limitationson Use Estimated Amount Subjectto Limitation Annual Limit
OperatingLossCarryforwardsLimitationsonUseEstimatedAmountSubjecttoLimitationAnnualLimit
|
9736000 | USD |
CY2018Q4 | kids |
Operating Loss Carryforwards Limitationson Use Estimated Amount Subjectto Limitation Annual Limit Increase
OperatingLossCarryforwardsLimitationsonUseEstimatedAmountSubjecttoLimitationAnnualLimitIncrease
|
22430000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
70628 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
30.97 | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y2M12D | |
CY2020Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
22208 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
30.97 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
48420 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
30.97 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y2M12D | |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
958000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
471000 | USD |
CY2019Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
404 | shares |
CY2019Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
30.97 | |
CY2020Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
404 | shares |
CY2020Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
30.97 | |
CY2020Q1 | kids |
Classof Warrantor Right Exercised
ClassofWarrantorRightExercised
|
0 | shares |
CY2020Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
4014 | shares |
CY2020Q1 | us-gaap |
Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
|
187000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
46.51 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4945000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3020000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16423853 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
14367056 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.30 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.21 | |
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
464536 | shares |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
403269 | shares |
CY2020Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
16356000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
14656000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
16356000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
14656000 | USD |
CY2020Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.04 | |
CY2019 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.03 | |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
57000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
58000 | USD |
CY2020Q1 | kids |
Researchand Development Arrangement Contractto Performfor Others Minimum Annual Royalty Payment
ResearchandDevelopmentArrangementContracttoPerformforOthersMinimumAnnualRoyaltyPayment
|
500000 | USD |