Shoulder Innovations Inc
SIHealthcare·Medical Devices·USA·Small·NYSE·Nov 11 • 11:35 AM ET
21.63-0.30 (-1.37%)
2026-11-11 17:36 CET
Market cap
458.83 USD m
Revenue, TTM
64.49 USD m
Net income, TTM
-33.35 USD m
Free cash flow, TTM
-43.19 USD m
EPS diluted, TTM
-1.61
P/E
-
Price
SI against its 20, 50 and 200-day averages2050200beatmiss
12.1% under the 52-week high of 24.60 on 29 Jul 2026. 52-week low 10.92 on 11 Nov 2025. Last 15 sessions, 19.7% high to low
Profile
SI52-week range, 78% of the way up
10.9224.59
Shoulder Innovations, Inc. engages in the provision of medical devices. It focuses on transforming the shoulder surgical care market. It also offers advanced implant systems for shoulder arthroplasty. The company was founded by Stephen B. Gunther and Michael DeVries in 2009 and is headquartered in Grand Rapids, MI.
| Index | RUT |
|---|---|
| Employees | 75 |
| IPO | Jul 31, 2025 |
| Beta | -1.61 |
| ATR, 14d | 1.23 |
| Rel volume | 1.64 |
| Short float | 6.17% |
| Insider own | 45.32% |
| Inst own | 41.26% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 452.55M |
| Enterprise Value | 375.10M |
| Income | -33.35M |
| Sales | 64.49M |
| Book/sh | 5.66 |
| Cash/sh | 4.41 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 75 |
| IPO | Jul 31, 2025 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 7.02 |
| P/B | 3.82 |
| P/C | 4.90 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 5.82 |
| Quick Ratio | 8.69 |
| Current Ratio | 10.68 |
| Debt/Eq | 0.13 |
| LT Debt/Eq | 0.13 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -1.61 |
|---|---|
| EPS next Y | -1.48 |
| EPS next Q | -0.45 |
| EPS this Y | 63.76% |
| EPS next Y | 12.09% |
| EPS next 5Y | 34.44% |
| EPS past 3/5Y | -75.53% - |
| Sales past 3/5Y | 56.68% - |
| EPS Y/Y TTM | 10.10% |
| Sales Y/Y TTM | 54.93% |
| EPS Q/Q | 20.26% |
| Sales Q/Q | 37.73% |
| Earnings | Nov 05 AMC |
| EPS/Sales Surpr. | 24.94% 2.42% |
Ownership
| Insider Own | 45.32% |
|---|---|
| Insider Trans | -2.54% |
| Inst Own | 41.26% |
| Inst Trans | 4.04% |
| ROA | -20.63% |
| ROE | -25.05% |
| ROIC | -25.03% |
| Gross Margin | 71.06% |
| Oper. Margin | -54.44% |
| Profit Margin | -51.72% |
| SMA20 | 9.23% |
| SMA50 | 13.56% |
| SMA200 | 25.29% |
| Trades | - |
Technical
| Shs Outstand | 20.92M |
|---|---|
| Shs Float | 11.44M |
| Short Float | 6.17% |
| Short Ratio | 5.94 |
| Short Interest | 0.71M |
| 52W High | 24.59 -12.06% |
| 52W Low | 10.92 98.08% |
| Volatility | 9.49% 6.26% |
| ATR (14) | 1.23 |
| RSI (14) | 64.07 |
| Beta | -1.61 |
| Rel Volume | 1.64 |
| Avg Volume | 118.92K |
| Volume | 69,437 |
Performance
| Perf Week | 2.95% |
|---|---|
| Perf Month | 19.70% |
| Perf Quarter | 12.48% |
| Perf Half Y | 59.87% |
| Perf YTD | 51.26% |
| Perf Year | 90.40% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 27.00 |
| Prev Close | 21.93 |
| Price | 21.63 |
| Change % | -1.37% |
Analyst ratings
latest 5 of 5| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jul 28, 2026 | Initiated | UUBS | Buy | $27 | +24.8% |
| Aug 25, 2025 | Initiated | PPiper Sandler | Overweight | $18 | -16.8% |
| Aug 25, 2025 | Initiated | JJefferies | Buy | $19 | -12.2% |
| Aug 25, 2025 | Initiated | GGoldman | Buy | $20 | -7.5% |
| Aug 25, 2025 | Initiated | BBTIG Research | Buy | $23 | +6.3% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| ENOV | Enovis Corp | 1.63B |
| ZBH | Zimmer Biomet Holdings Inc | 20.11B |
| SYK | Stryker Corp | 120.77B |
| SNN | Smith & Nephew plc ADR | 12.91B |
| CNMD | Conmed Corp | 1.52B |
| TMCI | Treace Medical Concepts Inc | 326.81M |
| KIDS | OrthoPediatrics corp | 882.16M |
| SIBN | SI-BONE Inc | 1.12B |
| OFIX | Orthofix Medical Inc | 291.43M |
| ANIK | Anika Therapeutics Inc | 186.06M |
Insider trading
latest 14 of 33| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Ball Robert Joseph | CEO & Executive Chairman | Oct 30 '26 | Option Exercise | 2.48 | 66,757 | 165,584 | 447,581 | Nov 02 04:29 PM |
| Ball Robert Joseph | CEO & Executive Chairman | Sep 14 '26 | Option Exercise | 2.10 | 89,233 | 187,282 | 390,999 | Sep 14 08:23 PM |
| Ball Robert Joseph | CEO & Executive Chairman | Sep 14 '26 | Sale | 18.45 | 10,175 | 187,706 | 380,824 | Sep 14 08:23 PM |
| ROBERT BALL | Officer | Sep 14 '26 | Proposed Sale | 18.45 | 10,175 | 187,706 | Sep 14 04:19 PM | |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 26 '26 | Sale | 22.60 | 1,196 | 27,030 | 2,185,914 | Aug 28 04:11 PM |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 21 '26 | Sale | 22.61 | 20,516 | 463,867 | 2,187,791 | Aug 24 07:36 PM |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 20 '26 | Sale | 22.60 | 3,900 | 88,140 | 2,208,307 | Aug 24 07:36 PM |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 24 '26 | Sale | 22.62 | 681 | 15,404 | 2,187,110 | Aug 24 07:36 PM |
| Ahearn Matthew Fraser | Chief Operating Officer | Aug 18 '26 | Sale | 20.99 | 14,186 | 297,704 | 244,176 | Aug 18 04:47 PM |
| Ahearn Matthew Fraser | Chief Operating Officer | Aug 17 '26 | Sale | 20.10 | 8,314 | 167,101 | 258,362 | Aug 18 04:47 PM |
| MATTHEW AHEARN | Director | Aug 17 '26 | Proposed Sale | 20.73 | 22,500 | 466,425 | Aug 17 04:48 PM | |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 05 '26 | Sale | 22.64 | 7,338 | 166,132 | 2,214,302 | Aug 07 04:12 PM |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 06 '26 | Sale | 22.60 | 2,095 | 47,347 | 2,212,207 | Aug 07 04:12 PM |
| Gilde Healthcare Holding B.V. | 10% Owner | Aug 04 '26 | Sale | 22.77 | 99,812 | 2,272,719 | 2,221,640 | Aug 05 04:31 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWC | iShares Micro-Cap ETF | AUM: 1.22B |
| AVSC | Avantis U.S Small Cap Equity ETF | AUM: 3.23B |
| VTWV | Vanguard Russell 2000 Value Index ETF | AUM: 1.29B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| RSSL | Global X Russell 2000 ETF | AUM: 1.43B |
News
latest 14 of 128- Shoulder Innovations Beats On The Bottom Line And Raises Again, But Sharp Growth Deceleration Shifts The Debate (Earnings Whispers)
- Shoulder Innovations Reports Third Quarter 2026 Financial Results and Raises Full Year Outlook (PR Newswire)
- Shoulder Innovations Faces A Seasonal Test Of Its Twice-Raised 2026 Outlook (Earnings Whispers)
- Shoulder Innovations to Participate in Upcoming Investor Conferences (PR Newswire)
- Can silver recover from its latest sell-off? UBS weighs in (Investing.com)
- Loading…
- Shoulder Innovations to Report Third Quarter 2026 Financial Results on November 5, 2026 (PR Newswire)
- Shoulder Innovations Initiates Commercial Launch of the InSet Go (PR Newswire)
- Shoulder Innovations Receives FDA 510(k) Clearance for N-22 Humeral Head and Initiates Full Commercial Launch (PR Newswire)
- Shoulder Innovations Announces Exclusive Partnership with ALM Ortho to Introduce Bespoke Solution for Complex Shoulder Reconstruction Procedures (PR Newswire)
- Shoulder Innovations Announces Settlement of Patent Litigation with Catalyst OrthoScience (PR Newswire)
- Shoulder Innovations to Participate in the Morgan Stanley 24th Annual Healthcare Conference (PR Newswire)
- UMH Properties and 4 More Stocks See Action From Activist Investors (Barrons.com) +7.80%
- Silver could surge to $90 as investment demand takes over, Citi says (Investing.com)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | -0.340 | -0.453 | -0.339 | 16.19 | 15.81 | 4 |
| 2026Q2 | 2026-08-06 | -0.490 | -0.459 | -0.490 | 17.18 | 16.56 | 4 |
| 2026Q1 | 2026-05-13 | -0.410 | -0.410 | -0.406 | 16.71 | 14.54 | 4 |
| 2025Q4 | 2026-03-10 | -0.380 | -0.385 | -0.377 | 14.42 | 12.79 | 4 |
| 2025Q3 | 2025-11-11 | -0.640 | -0.313 | -0.424 | 11.76 | 9.87 | 5 |
| 2025Q2 | 2025-09-09 | -165.53 | -0.630 | -0.943 | 11.01 | 11.00 | 5 |
| 2025Q1 | 2025-05-28 | -0.239 | - | -0.234 | 10.13 | - | - |
| 2026Q4 | - | - | -0.450 | - | - | 19.33 | 4 |
| 2027Q1 | - | - | -0.395 | - | - | 20.72 | 2 |
| 2027Q2 | - | - | -0.505 | - | - | 21.51 | 2 |
| 2027Q3 | - | - | -0.350 | - | - | 20.86 | 2 |
| 2027Q4 | - | - | -0.440 | - | - | 24.24 | 2 |
| 2028Q1 | - | - | -0.220 | - | - | 27.13 | 1 |
| 2028Q2 | - | - | -0.336 | - | - | 26.73 | 1 |
| 2028Q3 | - | - | -0.217 | - | - | 26.34 | 1 |
| 2028Q4 | - | - | -0.224 | - | - | 29.55 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | -4.650 | -2.136 | -2.235 | 47.32 | 45.57 |
| 2026FY | - | -1.685 | - | - | 69.42 |
| 2027FY | - | -1.482 | - | - | 88.39 |
| 2028FY | - | -1.310 | - | - | 110.83 |
| 2029FY | - | -1.700 | - | - | 129.3 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-06 | 4 | 2 | 1 | 19.33 | 18.70 | 20.02 |
| 2026Q4 | S | 2026-11-03 | 4 | 0 | 1 | 18.84 | 17.77 | 19.80 |
| 2026Q4 | S | 2026-10-21 | 4 | 0 | 1 | 18.97 | 17.77 | 19.80 |
| 2026Q4 | S | 2026-10-09 | 4 | 3 | 1 | 18.97 | 17.77 | 19.80 |
| 2026Q4 | S | 2026-09-25 | 4 | 4 | 0 | 19.08 | 17.77 | 19.80 |
| 2026Q4 | S | 2026-08-19 | 4 | 4 | 0 | 19.09 | 17.80 | 19.80 |
| 2026Q4 | S | 2026-08-07 | 4 | 4 | 0 | 19.09 | 17.80 | 19.80 |
| 2026Q4 | S | 2026-07-28 | 4 | 0 | 0 | 18.29 | 16.98 | 19.60 |
| 2026Q4 | S | 2026-07-27 | 4 | 0 | 3 | 18.29 | 16.98 | 19.60 |
| 2026Q4 | S | 2026-07-14 | 3 | 0 | 3 | 18.73 | 17.38 | 19.60 |
| 2026Q4 | S | 2026-06-09 | 4 | 0 | 3 | 18.55 | 17.38 | 19.60 |
| 2026Q4 | S | 2026-05-14 | 4 | 0 | 3 | 18.55 | 17.38 | 19.60 |
| 2026Q4 | S | 2026-05-07 | 4 | 2 | 0 | 18.82 | 17.89 | 19.80 |
| 2026Q4 | S | 2026-04-10 | 4 | 2 | 0 | 18.80 | 17.89 | 19.80 |
Estimate history
| EPS, annual | -0.635 | -0.784 | -1.957 | -1.6103 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2023 | 2024 | 2025 | TTM | |||||
| EPS, quarterly | -0.204 | -0.19 | -0.234 | -0.943 | -0.424 | -0.377 | -0.406 | -0.49 | -0.338 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 19.274 | 31.623 | 47.317 | 64.49 | |||||
| Period | 2023 | 2024 | 2025 | TTM | |||||
| Sales, quarterly | 7.454 | 8.725 | 10.132 | 11.013 | 11.756 | 14.416 | 16.708 | 17.175 | 16.191 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 19.923 | 19.923 | 20.623 | 20.922 | |||||
| Period | 2023 | 2024 | 2025 | MRQ | |||||
| Shares, quarterly | 19.923 | 19.923 | 19.923 | 20.36 | 20.585 | 20.623 | 20.703 | 20.822 | 20.922 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Total Revenue | 64.49 | 47.32 | 31.62 | 19.27 |
| Cost of Goods Sold Incl. D&A | 18.66 | 14.32 | 9.48 | 5.64 |
| Gross Profit | 45.83 | 32.99 | 22.14 | 13.63 |
| Selling, General and Administrative Excl. Other | 80.94 | 59.29 | 36.80 | 24.49 |
| Research and Development | 13.53 | 7.73 | 4.49 | 3.02 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -35.11 | -26.30 | -14.65 | -10.86 |
| Interest Expense | - | 0.07 | 1.32 | 0.76 |
| Unusual Expense | 0.59 | 14.19 | 0.12 | 1.05 |
| Net Income Before Taxes | -33.35 | -40.36 | -15.62 | -12.65 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -33.35 | -40.36 | -15.62 | -12.65 |
| Net Income From Continuing Operations | -33.35 | -40.36 | -15.62 | -12.65 |
| Net Income | -33.35 | -40.36 | -15.62 | -12.65 |
| EPS (Recurring) | -1.58 | -1.48 | -0.78 | -0.60 |
| EPS (Basic, Before Extraordinaries) | -1.61 | -1.96 | -0.78 | -0.64 |
| EPS (Diluted) | -1.61 | -1.96 | -0.78 | -0.64 |
| EBITDA | -30.75 | -23.09 | -12.46 | -9.22 |
| Non-Operating Income (Expense) | 2.35 | 0.20 | 0.47 | 0.02 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 3.21 | 1.00 | 0.75 | 0.45 |
| Price To Sales Ratio | 6.11 | 6.23 | - | - |
| Gross Margin | 71.06 | 69.73 | 70.03 | 70.71 |
| Operating Margin | -54.44 | -55.58 | -46.34 | -56.37 |
| Net Margin | -51.72 | -85.29 | -49.39 | -65.66 |
| Shares Outstanding | 20.92 | 20.62 | 19.92 | 19.92 |
| Market Capitalization | 458.83 | 458.83 | 312.12 | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 16.19 | 17.18 | 16.71 | 14.42 | 11.76 | 11.01 | 10.13 | 8.72 |
| Cost of Goods Sold Incl. D&A | 4.60 | 4.87 | 4.85 | 4.34 | 3.64 | 3.34 | 3.01 | 1.96 |
| Gross Profit | 11.59 | 12.31 | 11.85 | 10.08 | 8.12 | 7.67 | 7.12 | 6.77 |
| Selling, General and Administrative Excl. Other | 19.18 | 22.34 | 20.83 | 18.58 | 15.76 | 13.54 | 11.42 | 10.30 |
| Research and Development | 3.17 | 3.39 | 3.75 | 3.22 | 1.52 | 1.41 | 1.58 | 1.17 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -7.60 | -10.04 | -8.98 | -8.50 | -7.64 | -5.86 | -4.29 | -3.54 |
| Interest Expense | - | - | - | - | 0.08 | 0.22 | 0.37 | 0.39 |
| Unusual Expense | 0.00 | 0.59 | 0.00 | 0.00 | 1.06 | 11.72 | 0.00 | 0.00 |
| Net Income Before Taxes | -7.05 | -10.15 | -8.38 | -7.77 | -8.73 | -19.20 | -4.66 | -3.79 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -7.05 | -10.15 | -8.38 | -7.77 | -8.73 | -19.20 | -4.66 | -3.79 |
| Net Income From Continuing Operations | -7.05 | -10.15 | -8.38 | -7.77 | -8.73 | -19.20 | -4.66 | -3.79 |
| Net Income | -7.05 | -10.15 | -8.38 | -7.77 | -8.73 | -19.20 | -4.66 | -3.79 |
| EPS (Recurring) | -0.34 | -0.47 | -0.41 | -0.38 | -0.39 | -0.54 | -0.23 | -0.19 |
| EPS (Basic, Before Extraordinaries) | -0.34 | -0.49 | -0.41 | -0.38 | -0.42 | -0.94 | -0.23 | -0.19 |
| EPS (Diluted) | -0.34 | -0.49 | -0.41 | -0.38 | -0.42 | -0.94 | -0.23 | -0.19 |
| EBITDA | -6.48 | -8.90 | -7.84 | -7.52 | -6.80 | -5.14 | -3.63 | - |
| Non-Operating Income (Expense) | 0.55 | 0.47 | 0.60 | 0.73 | 0.05 | -1.40 | -0.00 | 0.14 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.02 | 1.08 | 0.73 | 0.38 | 0.30 | 0.19 | 0.13 | 0.18 |
| Price To Sales Ratio | 6.11 | 7.00 | 5.57 | 6.23 | 6.21 | - | - | - |
| Gross Margin | 71.57 | 71.66 | 70.95 | 69.90 | 69.05 | 69.69 | 70.30 | 77.57 |
| Operating Margin | -46.92 | -58.43 | -53.72 | -58.96 | -65.00 | -53.23 | -42.38 | -40.53 |
| Net Margin | -43.53 | -59.11 | -50.15 | -53.91 | -74.25 | -174.30 | -46.01 | -43.46 |
| Shares Outstanding | 20.92 | 20.82 | 20.70 | 20.62 | 20.58 | 20.36 | 19.92 | 19.92 |
| Market Capitalization | 458.83 | 420.57 | 300.01 | 294.60 | 255.52 | 255.72 | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY |
|---|---|---|---|
| Cash & Short Term Investments | 124.31 | 15.04 | 32.81 |
| Short Term Receivables | 8.27 | 5.12 | 4.69 |
| Inventories | 21.59 | 13.96 | 9.92 |
| Other Current Assets | 3.00 | 1.00 | 0.42 |
| Total Current Assets | 157.16 | 35.12 | 47.85 |
| Net Property, Plant & Equipment | 12.64 | 7.55 | 5.75 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.10 | 0.40 | 0.70 |
| Other Assets | 0.00 | 0.00 | 0.00 |
| Total Assets | 169.91 | 43.08 | 54.29 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.06 | 0.05 | 0.04 |
| Accounts Payable | 8.87 | 4.86 | 1.96 |
| Other Current Liabilities | 5.26 | 2.74 | 2.28 |
| Total Current Liabilities | 14.20 | 7.65 | 4.28 |
| Long Term Debt | 14.96 | 14.68 | 14.42 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.97 | 0.85 |
| Total Liabilities | 29.16 | 23.30 | 19.56 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 74.47 | 74.47 |
| Common Equity | 140.75 | -54.70 | -39.74 |
| Total Shareholders Equity | 140.75 | 19.78 | 34.74 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 |
| Total Equity | 140.75 | 19.78 | 34.74 |
| Total Liabilities & Stockholders Equity | 169.91 | 43.08 | 54.29 |
| Book Value Per Share | 6.82 | -2.75 | -1.99 |
| Tangible Book Value Per Share | 6.82 | -2.77 | -2.03 |
| Full-Time Employees | 75 | 56 | - |
| Price to Book Ratio | 3.87 | 2.11 | - |
| Return on Assets | -37.90 | -32.08 | - |
| Return on Equity | -50.28 | -57.30 | - |
| Return on Invested Capital | -25.92 | -45.32 | -25.74 |
| Quick Ratio | 9.55 | 2.77 | 8.85 |
| Current Ratio | 11.07 | 4.59 | 11.17 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Net Income | -33.35 | -40.36 | -15.62 | -12.65 |
| Depreciation | 4.36 | 3.21 | 2.20 | 1.64 |
| Other Funds (Non Cash) | 4.03 | 15.29 | 0.32 | 2.63 |
| Funds from Operations | -24.96 | -21.86 | -13.11 | -8.38 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -10.47 | -6.75 | -1.04 | -4.76 |
| Cash from Operating Activities | -35.43 | -28.61 | -14.14 | -13.14 |
| Capital Expenditures | -7.76 | -7.41 | -4.01 | -2.75 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 25.93 | -88.19 | 17.98 | -26.23 |
| Purchase of Investments | -42.08 | -119.49 | -5.28 | -29.25 |
| Sale Or Maturity of Investments | 68.01 | 31.30 | 23.26 | 3.02 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 18.17 | -95.60 | 13.96 | -28.97 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | -1.26 | 144.96 | 0.07 | 34.88 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | -1.26 | 144.96 | 0.07 | 34.88 |
| Proceedsfrom Stock Options | -2.23 | 143.58 | 0.00 | 34.88 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 9.85 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 9.85 |
| Issuance of Long Term Debt | 15.00 | 0.00 | 0.00 | 14.85 |
| Reduction of Long Term Debt | -15.00 | 0.00 | 0.00 | -5.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -1.26 | 144.96 | 0.07 | 44.73 |
| Net Change in Cash | -18.52 | 20.75 | -0.11 | 2.61 |
| Free Cash Flow | -43.19 | -36.02 | -18.16 | -15.89 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 92.33 | 98.99 | 108.54 | 124.31 | 137.29 | 39.63 |
| Short Term Receivables | 9.29 | 10.87 | 10.55 | 8.27 | 7.08 | 6.89 |
| Inventories | 24.38 | 22.92 | 21.83 | 21.59 | 19.36 | 17.08 |
| Other Current Assets | 5.08 | 4.62 | 4.86 | 3.00 | 2.88 | 5.31 |
| Total Current Assets | 131.08 | 137.41 | 145.78 | 157.16 | 166.61 | 68.91 |
| Net Property, Plant & Equipment | 13.83 | 14.57 | 14.56 | 12.64 | 10.98 | 8.67 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.01 | 0.00 | 0.03 | 0.10 | 0.17 | 0.25 |
| Other Assets | 0.65 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 145.57 | 152.01 | 160.36 | 169.91 | 177.76 | 77.83 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.04 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 |
| Accounts Payable | 4.56 | 5.93 | 5.92 | 8.87 | 8.88 | 6.04 |
| Other Current Liabilities | 7.68 | 6.86 | 6.37 | 5.26 | 6.07 | 6.37 |
| Total Current Liabilities | 12.28 | 12.83 | 12.34 | 14.20 | 15.02 | 12.49 |
| Long Term Debt | 14.85 | 14.81 | 14.96 | 14.96 | 14.85 | 14.78 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.02 | 0.03 | 0.04 | 0.00 | 0.06 | 2.05 |
| Total Liabilities | 27.15 | 27.68 | 27.34 | 29.16 | 29.93 | 29.33 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 126.70 |
| Common Equity | 118.43 | 124.33 | 133.02 | 140.75 | 147.83 | -78.20 |
| Total Shareholders Equity | 118.43 | 124.33 | 133.02 | 140.75 | 147.83 | 48.50 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 118.43 | 124.33 | 133.02 | 140.75 | 147.83 | 48.50 |
| Total Liabilities & Stockholders Equity | 145.57 | 152.01 | 160.36 | 169.91 | 177.76 | 77.83 |
| Book Value Per Share | 5.66 | 5.97 | 6.42 | 6.82 | 7.18 | -3.84 |
| Tangible Book Value Per Share | 5.66 | 5.97 | 6.42 | 6.82 | 7.17 | -3.85 |
| Full-Time Employees | - | - | - | 75 | - | - |
| Price to Book Ratio | 3.87 | 3.16 | 2.13 | 1.99 | -3.27 | -3.27 |
| Return on Assets | -20.63 | -30.49 | -40.46 | -37.90 | - | - |
| Return on Equity | -25.05 | -40.54 | -52.52 | -50.28 | - | - |
| Return on Invested Capital | -5.29 | -7.30 | -5.66 | -4.99 | -5.37 | -30.33 |
| Quick Ratio | 8.69 | 8.92 | 10.04 | 9.55 | 9.80 | 4.15 |
| Current Ratio | 10.68 | 10.71 | 11.81 | 11.07 | 11.09 | 5.52 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -7.05 | -10.15 | -8.38 | -7.77 | -8.73 | -19.20 |
| Depreciation | 1.12 | 1.13 | 1.13 | 0.98 | 0.84 | 0.72 |
| Other Funds (Non Cash) | 1.18 | 1.59 | 0.73 | 0.53 | 1.29 | 13.44 |
| Funds from Operations | -4.75 | -7.43 | -6.51 | -6.26 | -6.59 | -5.04 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -1.64 | -0.47 | -5.85 | -2.52 | -1.96 | 0.24 |
| Cash from Operating Activities | -6.39 | -7.90 | -12.36 | -8.78 | -8.55 | -4.80 |
| Capital Expenditures | -0.59 | -2.16 | -2.73 | -2.28 | -2.81 | -1.47 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 18.72 | 22.60 | -0.39 | -15.00 | -69.62 | 8.66 |
| Purchase of Investments | 0.00 | 0.00 | -18.17 | -23.91 | -75.11 | -0.42 |
| Sale Or Maturity of Investments | 18.72 | 22.60 | 17.78 | 8.91 | 5.48 | 9.08 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 18.13 | 20.44 | -3.12 | -17.28 | -72.44 | 7.19 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.21 | 0.42 | 0.10 | -2.00 | 108.87 | 18.29 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.21 | 0.42 | 0.10 | -2.00 | 108.87 | 18.29 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | -2.23 | 107.88 | 18.17 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | -15.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 0.21 | 0.42 | 0.10 | -2.00 | 108.87 | 18.29 |
| Net Change in Cash | 11.96 | 12.97 | -15.38 | -28.06 | 27.88 | 20.68 |
| Free Cash Flow | -6.98 | -10.06 | -15.09 | -11.06 | -11.37 | -6.26 |
Revenue breakdown
| Surgical & Medical Instruments & Apparatus | 2024: 31.62M 2025: 47.32M |
|---|---|
| United States | 2024: 31.62M 2025: 47.32M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 6.17% | 0.7M | 11.4M | 115.62K |
| 2026-10-15 | 6.24% | 0.7M | 11.4M | 115.61K |
| 2026-09-30 | 5.53% | 0.6M | 11.4M | 115.98K |
| 2026-09-15 | 3.68% | 0.4M | 11.4M | 121.36K |
| 2026-08-31 | 2.62% | 0.3M | 11.5M | 122.01K |
| 2026-08-14 | 2.30% | 0.3M | 11.5M | 122.40K |
| 2026-07-31 | 1.92% | 0.2M | 11.3M | 112.45K |
| 2026-07-15 | 1.87% | 0.2M | 11.2M | 107.92K |
| 2026-06-30 | 1.75% | 0.2M | 11.2M | 102.60K |
| 2026-06-15 | 2.32% | 0.3M | 11.2M | 96.54K |
| 2026-05-29 | 2.59% | 0.3M | 11.2M | 95.99K |
| 2026-05-15 | 3.07% | 0.3M | 11.2M | 89.92K |
| 2026-04-30 | 4.35% | 0.4M | 10.0M | 88.72K |
| 2026-04-15 | 4.75% | 0.5M | 10.0M | 85.87K |
| 2026-03-31 | 3.82% | 0.4M | 10.3M | 78.08K |
| 2026-03-13 | 3.00% | 0.3M | 10.3M | 60.95K |
| 2026-02-27 | 2.71% | 0.3M | 10.2M | 52.38K |
| 2026-02-13 | 2.58% | 0.3M | 10.2M | 55.81K |
| 2026-01-30 | 3.11% | 0.3M | 9.7M | 57.72K |
| 2026-01-15 | 2.94% | 0.3M | 9.7M | 58.61K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-11-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-30 | SEC |
| 2026-10-08 | 8-K | Current report | 2026-10-08 | SEC |
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-05 | SEC |
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-05 | SEC |
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-05 | SEC |
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-05 | SEC |
| 2026-09-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-14 | SEC |
| 2026-09-14 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-24 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-20 | SEC |
| 2026-08-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-13 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-08-10 | 3 | Initial statement of beneficial ownership of securities | 2026-08-06 | SEC |
| 2026-08-10 | 8-K | Current report | 2026-08-10 | SEC |
| 2026-08-07 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-08-07 | SCHEDULE 13D/A | SEC | ||
| 2026-08-07 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-05 | SEC |
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-06 | 8-K | Current report | 2026-08-06 | SEC |
| 2026-08-06 | SCHEDULE 13G/A | SEC | ||
| 2026-08-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-03 | SEC |
| 2026-08-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-30 | SEC |
| 2026-07-29 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-26 | SEC |
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-26 | SEC |
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-26 | SEC |
| 2026-06-29 | 8-K | Current report | 2026-06-26 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 187.71K | 1 |
| 2026-08 | 0 | 0 | 3.79M | 10 |
| 2026-07 | 0 | 0 | 1.12M | 2 |
| 2026-06 | 0 | 0 | 374.25K | 2 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 78.23K | 3 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 136.64K | 4 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| FMR LLC | 18.71% |
| BlackRock, Inc. | 3.08% |
| SECTORAL ASSET MANAGEMENT INC | 2.08% |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.89% |
| TimesSquare Capital Management, LLC | 1.68% |
| KCM Capital Inc | 1.45% |
| GEODE CAPITAL MANAGEMENT, LLC | 1.34% |
| DRIEHAUS CAPITAL MANAGEMENT LLC | 1.22% |
| Roubaix Capital, LLC | 1.10% |
| Parkman Healthcare Partners LLC | 1.09% |
Funds
| Fund | % owned |
|---|---|
| Select Medical Technology and Devices Portfolio | 4.55% |
| Fidelity Small Cap Growth Fund | 3.75% |
| Select Health Care Portfolio | 2.62% |
| Fidelity Balanced Fund | 2.23% |
| Fidelity Small Cap Growth K6 Fund | 1.87% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.55% |
| Fidelity Advisor Health Care Fund | 1.50% |
| iShares Russell 2000 ETF | 1.28% |
| Avantis Emerging Markets Equity ETF | 0.69% |
| Fidelity Small Cap Index Fund | 0.55% |
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