Globus Medical

Health Manufacturing & Industrial medical devices medtech

Globus Medical, Inc. is a medical device company focused on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The Company's products are classified into two categories: Innovative Fusion and Disruptive Technologies. The Innovative Fusion products are used in cervical, thoracolumbar, sacral, and interbody, corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions.

Revenue(FY, 2016)

$564 M

Market capitalization(2018-04-18)

$5 B

Type

Public

Eagleville, US

Founded

2003

Size (employees)

1,400 (est)

Website

globusmedical.com

Globus Medical was founded in 2003 and is headquartered in Eagleville, US

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Globus Medical Office Locations

Globus Medical has an office in Eagleville

Eagleville, US (HQ)

2560 General Armistead Ave

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Globus Medical Financials and Metrics

Globus Medical Financials

Globus Medical's revenue was reported to be $563.99 m in FY, 2016 which is a 3.5% increase from the previous period.

Summary

USD
Revenue (Q3, 2017)	151.7 m
Gross profit (Q3, 2017)	114.9 m
Gross profit margin (Q3, 2017), %	75.7%
Net income (Q3, 2017)	25.6 m
EBIT (Q3, 2017)	35.8 m
Market capitalization (18-Apr-2018)	5 b
Cash (30-Sep-2017)	154.9 m

Globus Medical's current market capitalization is $5 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	434.5 m	474.4 m	544.8 m	564 m
Revenue growth, %		9%	15%	4%
Cost of goods sold			132.8 m	134.7 m
Gross profit			412 m	429.3 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	133.6 m	137 m	139.3 m	137.5 m	135.7 m	155.8 m	152.4 m	151.7 m
Cost of goods sold	32.6 m	33.1 m	31.6 m	32.9 m	31.5 m	35.6 m	37.2 m	36.8 m
Gross profit	101 m	103.9 m	107.6 m	104.6 m	104.2 m	120.2 m	115.2 m	114.9 m
Gross profit Margin, %	76%	76%	77%	76%	77%	77%	76%	76%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	90 m	82.3 m	60.2 m	132.6 m
Inventories	70.4 m	90.9 m	105.3 m	112.7 m
Current Assets	416.8 m	470 m	544.8 m	513.8 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	101.9 m	104.6 m	136.5 m	169.4 m	75 m	41.6 m	50.5 m	81.3 m	95.3 m	90.2 m	182.4 m	149.7 m	154.9 m
Inventories	71.2 m	72.5 m	76.4 m	77.4 m	98.9 m	101 m	105.7 m	105.1 m	104.4 m	115.6 m	113 m	111.1 m	111.5 m
Current Assets	384.8 m	460.9 m	467.1 m	484.8 m	455.7 m	454.8 m	506.3 m	515.5 m	535.4 m	478.2 m	540.9 m	535.1 m	563.6 m
PP&E	63.6 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	68.6 m	92.5 m	112.8 m	104.3 m
Depreciation and Amortization	19.4 m	21.8 m	24.1 m	3.5 m
Inventories	(17 m)	(18 m)	(19 m)	(10.5 m)
Accounts Payable	1.8 m	4.6 m	(3.8 m)	(23 k)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q3, 2017
Net Income	47.6 m	21.1 m	41.8 m	64.8 m	24.6 m	48.7 m	75.2 m	28 m	53.8 m	80 m	28.7 m	25.6 m
Depreciation and Amortization	14.2 m	5.3 m	10.7 m	16.1 m	5.7 m	11.6 m	17.7 m	6.7 m	13.7 m	21.5 m	1.8 m
Inventories	(15.7 m)	(4 m)	(9.5 m)	(12.5 m)	(7.4 m)	(11.7 m)	(17 m)	(2.3 m)	(3.8 m)	(6.6 m)	113 m	111.5 m
Accounts Payable	1 m	(1.1 m)	(821 k)	(2.3 m)	835 k	(66 k)	(2.8 m)	(1.2 m)	(1.7 m)	(3.4 m)	17 m	16.6 m