K2M Group Holdings

K2M Group Holdings, Inc. is a global medical device company focused on designing, developing and commercializing innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most difficult and challenging spinal pathologies. K2M has leveraged these core competencies to bring to market an increasing number of products for patients suffering from degenerative spinal conditions. These technologies and techniques, in combination with a robust product pipeline, enables the company to favorably compete in the global spinal surgery market.

Type
Public
HQ
Leesburg, US
Founded
2004
Size (employees)
457 (est)-4%
Website
k2m.com
K2M Group Holdings was founded in 2004 and is headquartered in Leesburg, US

K2M Group Holdings Office Locations

K2M Group Holdings has offices in Leesburg, Rosenheim and Uxbridge
Leesburg, US (HQ)
600 Hope Pkwy Se
Uxbridge , GB
1 Roundwood Ave
Rosenheim, DE
2 Gillitzerstraße

K2M Group Holdings Data and Metrics

K2M Group Holdings Financial Metrics

K2M Group Holdings's revenue was reported to be $61.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

61.9 m

Gross profit (Q1, 2017)

40.4 m

Gross profit margin (Q1, 2017), %

65%

Net income (Q1, 2017)

(10.9 m)

EBIT (Q1, 2017)

(9.1 m)

Market capitalization (25-Jul-2017)

1.1 b

Cash (31-Mar-2017)

38.6 m
K2M Group Holdings's current market capitalization is $1.1 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

135.1 m157.6 m186.7 m216 m236.6 m

Revenue growth, %

17%18%16%10%

Cost of goods sold

44 m50.2 m62.8 m71.8 m82.2 m

Gross profit

91.2 m107.4 m123.9 m144.2 m154.5 m

Gross profit Margin, %

67%68%66%67%65%

Sales and marketing expense

95.3 m105.6 m111.4 m

R&D expense

19.9 m21.5 m

General and administrative expense

60.2 m55 m56.3 m

Operating expense total

171.8 m180.5 m189.2 m

EBIT

(48 m)(36.3 m)(34.7 m)

EBIT margin, %

(26%)(17%)(15%)

Interest expense

1.2 m2.8 m(2.2 m)(941 k)(4.4 m)

Pre tax profit

(59.8 m)(39 m)(41.6 m)

Income tax expense

(13 m)(8.3 m)(114 k)192 k74 k

Net Income

(59.6 m)(39.2 m)(41.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

47.5 m47.6 m50.4 m56.4 m55 m56.3 m59.2 m59.3 m61.9 m

Cost of goods sold

16 m16.1 m17.5 m18.6 m17.4 m19.6 m19.6 m19.5 m21.5 m

Gross profit

31.5 m31.5 m32.9 m37.7 m37.6 m36.7 m39.6 m39.8 m40.4 m

Gross profit Margin, %

66%66%65%67%68%65%67%67%65%

Sales and marketing expense

23.7 m25 m25 m27.8 m26.8 m27.8 m29 m27.4 m30.5 m

R&D expense

5 m5.8 m5.2 m5.3 m

General and administrative expense

16.8 m14.5 m13.3 m13.6 m15.7 m13.8 m14.2 m13.3 m13.8 m

Operating expense total

40.5 m39.5 m38.3 m41.3 m42.5 m46.6 m48.9 m45.9 m49.5 m

EBIT

(12.8 m)(12.9 m)(10 m)(8.6 m)(10 m)(9.9 m)(9.3 m)(6.1 m)(9.1 m)

EBIT margin, %

(27%)(27%)(20%)(15%)(18%)(18%)(16%)(10%)(15%)

Interest expense

(752 k)(116 k)(80 k)(164 k)(110 k)(651 k)(735 k)(1.3 m)(1.7 m)

Pre tax profit

(10.2 m)(11 m)(8 m)(10.8 m)

Income tax expense

21 k37 k23 k19 k83 k25 k49 k(53 k)42 k

Net Income

(17.7 m)(16.1 m)(14.3 m)(6.2 m)(10.2 m)(10.2 m)(11.1 m)(7.9 m)(10.9 m)
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

12.2 m7 m7.4 m11.4 m34.6 m45.5 m

Accounts Receivable

33.9 m38.8 m46.4 m

Inventories

3.9 m19.8 m6.1 m

Current Assets

105.3 m155.2 m160 m

PP&E

4.2 m38.3 m50.7 m

Goodwill

163.4 m121.8 m121.8 m

Total Assets

302.6 m374.5 m383.5 m

Accounts Payable

14 m22.5 m15.4 m

Current Liabilities

35.6 m47.8 m44.1 m

Total Liabilities

122 m

Additional Paid-in Capital

386.8 m454.2 m474.5 m

Retained Earnings

(130.2 m)(169.4 m)(211.1 m)

Total Equity

286.7 m261.6 m

Financial Leverage

1.3 x1.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

36.2 m23.2 m39 m28.8 m43.7 m21.2 m19.8 m46.1 m38.6 m

Accounts Receivable

34.5 m32.9 m35.1 m41.3 m41.8 m41.7 m45.9 m43.2 m46.2 m

Inventories

50.8 m53.6 m53.2 m55.7 m61.1 m64.6 m69.1 m66.7 m63.7 m

Current Assets

132.7 m119 m135 m139.6 m159 m138.2 m145.1 m162.5 m156 m

PP&E

3.3 m3.3 m4.4 m4.8 m5.1 m50.1 m52.3 m51 m51.6 m

Goodwill

171.2 m166.2 m160.8 m158.6 m121.8 m121.8 m121.8 m121.8 m121.8 m

Total Assets

328 m310 m329 m326 m344.2 m366.6 m374.3 m391.3 m379 m

Accounts Payable

22.4 m15.5 m17.7 m17.5 m20.4 m21.2 m20.9 m14.5 m20.5 m

Current Liabilities

41.3 m37 m35.7 m38.5 m43.7 m43.1 m46.2 m41.6 m45.5 m

Additional Paid-in Capital

380.7 m383 m424.5 m426.5 m450.7 m456.6 m458.9 m471.9 m478.8 m

Retained Earnings

(103 m)(119.1 m)(144.5 m)(150.7 m)(160.9 m)(179.6 m)(190.7 m)(198.6 m)(222 m)

Total Equity

279.4 m292.4 m278.2 m267.9 m272.3 m255.3 m

Financial Leverage

1.2 x1.2 x1.3 x1.4 x1.4 x1.5 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(59.6 m)(39.2 m)(41.7 m)

Depreciation and Amortization

33.3 m24.9 m29.2 m

Accounts Receivable

(2.9 m)(5.1 m)(9.4 m)

Inventories

(13.7 m)(8.8 m)(3.4 m)

Accounts Payable

(620 k)

Cash From Operating Activities

4 m23.2 m(13.3 m)

Purchases of PP&E

(2.9 m)

Cash From Investing Activities

(22.5 m)(14.3 m)(24.4 m)

Cash From Financing Activities

56.8 m56.2 m49.1 m

Interest Paid

6.7 m428 k382 k

Income Taxes Paid

132 k126 k159 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(17.7 m)(16.1 m)(14.3 m)(6.2 m)(10.2 m)(10.2 m)(11.1 m)(7.9 m)(10.9 m)

Accounts Receivable

34.5 m32.9 m35.1 m41.3 m41.8 m41.7 m45.9 m43.2 m46.2 m

Accounts Payable

22.4 m15.5 m17.7 m17.5 m20.4 m21.2 m20.9 m14.5 m20.5 m
USDY, 2017

Revenue/Employee

135.4 k

Financial Leverage

1.5 x

K2M Group Holdings Operating Metrics

FY, 2015FY, 2016

Patents Issued

298415

K2M Group Holdings Market Value History

K2M Group Holdings Online and Social Media Presence

K2M Group Holdings Company Life and Culture

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