Orthofix was founded in 1980 and is headquartered in Z.a.i., IT

Orthofix has offices in Z.a.i., Willemstad, Sona, São Paulo and in 5 other locations

Z.a.i., IT (HQ)

9 Via delle Nazioni

San Juan, PR

970 Cll 21 SE

Maidenhead, GB

Clivemont Rd

Lewisville, US

3451 Plano Pkwy

Arcueil, FR

28 Villa Baudran

Ottobrunn, DE

5 Siemensstraße

Orthofix's revenue was reported to be $102.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 102.7 m |

## Gross profit (Q1, 2017) | 80.2 m |

## Gross profit margin (Q1, 2017), % | 78% |

## Net income (Q1, 2017) | (2.7 m) |

## EBIT (Q1, 2017) | 5.9 m |

## Market capitalization (25-Jul-2017) | 828.6 m |

## Closing share price (25-Jul-2017) | 46 |

## Cash (31-Mar-2017) | 41.7 m |

Orthofix's current market capitalization is $828.6 m.

USD | FY, 2016^{} |
---|---|

## Revenue | 409.8 m |

## Cost of goods sold | 87.9 m |

## Gross profit | 321.9 m |

## Gross profit Margin, % | 79% |

## Sales and marketing expense | 181.3 m |

## R&D expense | 28.8 m |

## General and administrative expense | 74.4 m |

## Operating expense total | 284.5 m |

## EBIT | 21.1 m |

## EBIT margin, % | 5% |

## Interest expense | 763 k |

## Interest income | 763 k |

## Pre tax profit | 19 m |

## Income tax expense | (15.5 m) |

## Net Income | 3.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 101 m | 101 m | 89.8 m | 101 m | 101.2 m | 98.7 m | 104.1 m | 98.5 m | 102.7 m |

## Cost of goods sold | 25.4 m | 25.3 m | 19.3 m | 21.9 m | 23.9 m | 22.1 m | 22.5 m | 19.9 m | 22.6 m |

## Gross profit | 75.6 m | 75.7 m | 70.4 m | 79 m | 77.3 m | 76.5 m | 81.6 m | 78.6 m | 80.2 m |

## Gross profit Margin, % | 75% | 75% | 78% | 78% | 76% | 78% | 78% | 80% | 78% |

## Sales and marketing expense | 42 m | 41 m | 44.3 m | 42.9 m | 46.1 m | 44.8 m | 46 m | 41.7 m | 48.5 m |

## R&D expense | 6.3 m | 6.6 m | 5.8 m | 6.5 m | 6.5 m | 7.6 m | 6.8 m | 6.9 m | 7.4 m |

## General and administrative expense | 17.6 m | 18.8 m | 21.2 m | 22.5 m | 19.3 m | 16.7 m | 18 m | 18.6 m | 18.3 m |

## Operating expense total | 65.9 m | 66.4 m | 71.3 m | 71.9 m | 72 m | 69.2 m | 70.8 m | 67.2 m | 74.2 m |

## EBIT | 6.7 m | 6.5 m | (7.2 m) | 4.9 m | 4.1 m | 7.1 m | (2.6 m) | 9.3 m | 5.9 m |

## EBIT margin, % | 7% | 6% | (8%) | 5% | 4% | 7% | (3%) | 9% | 6% |

## Interest expense | (492 k) | (395 k) | (272 k) | 74 k | (125 k) | (38 k) | 471 k | 45 k | |

## Interest income | 74 k | 471 k | 45 k | ||||||

## Pre tax profit | 6.6 m | 4.8 m | (6.8 m) | 5.9 m | 2.3 m | 8.9 m | (2.6 m) | 9.1 m | 1.6 m |

## Income tax expense | (3.3 m) | (4.8 m) | (964 k) | (1.8 m) | (3.1 m) | (4.3 m) | (3.7 m) | 1.3 m | (3.9 m) |

## Net Income | (683 k) | 452 k | (8.4 m) | 3.6 m | (1.4 m) | 3.9 m | (7.4 m) | 9.9 m | (2.7 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 30.5 m | 36.8 m | 63.7 m | 39.6 m |

## Accounts Receivable | 2.8 m | |||

## Inventories | 90.6 m | 59.8 m | 57.6 m | 63.3 m |

## Current Assets | 280.2 m | 256.4 m | 212.3 m | 194.4 m |

## PP&E | 54.6 m | 48.5 m | 52.3 m | 48.9 m |

## Goodwill | 53.6 m | 53.6 m | 53.6 m | 53.6 m |

## Total Assets | 423.2 m | 393.2 m | 400.2 m | 372.1 m |

## Accounts Payable | 20.7 m | 13.2 m | 16.4 m | 14.4 m |

## Current Liabilities | 66.8 m | 66.4 m | 82 m | 83.4 m |

## Total Liabilities | 108.6 m | |||

## Additional Paid-in Capital | 216.7 m | 232.8 m | 232.1 m | 204.1 m |

## Retained Earnings | 89.3 m | 65.4 m | 62.6 m | 64.2 m |

## Total Equity | 310.5 m | 290.3 m | 263.5 m | |

## Financial Leverage | 1.4 x | 1.4 x | 1.4 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 28.9 m | 29.8 m | 29.8 m | 55.9 m | 63.7 m | 39.8 m | 40.5 m | 46.8 m | 41.7 m |

## Inventories | 70.9 m | 64.3 m | 56.7 m | 59.2 m | 57.8 m | 59.8 m | 61.3 m | 65 m | 66.3 m |

## Current Assets | 292.7 m | 270.3 m | 235 m | 235.2 m | 245.5 m | 174 m | 178 m | 185.2 m | 186.8 m |

## PP&E | 51.1 m | 49.6 m | 46.7 m | 50 m | 51.5 m | 53.6 m | 52.5 m | 51.9 m | 48 m |

## Goodwill | 53.6 m | 53.6 m | 53.6 m | 53.6 m | 53.6 m | 53.6 m | 53.6 m | 53.6 m | 53.6 m |

## Total Assets | 434 m | 411 m | 386.7 m | 389.2 m | 402.4 m | 362.8 m | 364.7 m | 376.1 m | 354.7 m |

## Accounts Payable | 15.7 m | 13.2 m | 16.3 m | 17.2 m | 17 m | 13.5 m | 13.7 m | 14.4 m | 16.6 m |

## Current Liabilities | 83.1 m | 81.4 m | 69.4 m | 64.9 m | 78.6 m | 59 m | 77.2 m | 83.3 m | 62.9 m |

## Additional Paid-in Capital | 228.5 m | 231 m | 236.3 m | 238 m | 240 m | 212.7 m | 205.3 m | 208.1 m | 208.7 m |

## Retained Earnings | 70.7 m | 71.2 m | 57 m | 60.6 m | 59.2 m | 66.4 m | 59.1 m | 67.4 m | 61.5 m |

## Total Equity | 305.2 m | 305 m | 297.7 m | 297.2 m | 275.5 m | 258.2 m | 273.2 m | 267.1 m | |

## Financial Leverage | 1.4 x | 1.3 x | 1.3 x | 1.4 x | 1.3 x | 1.4 x | 1.4 x | 1.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (25.5 m) | (8.5 m) | (2.8 m) | 3.1 m |

## Depreciation and Amortization | 2.3 m | 20.9 m | 20.8 m | |

## Accounts Receivable | 25.7 m | 6.1 m | (1.5 m) | 392 k |

## Inventories | (6.6 m) | 8.1 m | 3.1 m | (5.3 m) |

## Accounts Payable | (2.3 m) | (6.5 m) | 3 m | (1.8 m) |

## Cash From Operating Activities | 66.9 m | 51 m | 43.2 m | 44.7 m |

## Cash From Investing Activities | (29.7 m) | (20 m) | (38.3 m) | (21.9 m) |

## Long-term Borrowings | (16 k) | (20 m) | (20 m) | (20 m) |

## Cash From Financing Activities | (38.4 m) | (20 m) | 25.1 m | (46.1 m) |

## Interest Paid | 2 m | 1.3 m | 852 k | 672 k |

## Income Taxes Paid | 8.8 m | 2.2 m | 3.2 m | 4.4 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (683 k) | 452 k | (8.4 m) | 3.6 m | (1.4 m) | 3.9 m | (7.4 m) | 9.9 m | (2.7 m) |

## Depreciation and Amortization | 661 k | 508 k | 405 k | ||||||

## Inventories | 70.9 m | 64.3 m | 56.7 m | 59.2 m | 57.8 m | 59.8 m | 61.3 m | 65 m | 66.3 m |

## Accounts Payable | 15.7 m | 13.2 m | 16.3 m | 17.2 m | 17 m | 13.5 m | 13.7 m | 14.4 m | 16.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 109.5 k |

## Financial Leverage | 1.3 x |