Orthofix: Fourth Quarter Financial Highlights

Orthofix Medical Inc. Reports Fourth Quarter Financial Results

Orthofix Medical Inc., headquartered in Lewisville, Texas, announced on Tuesday that it recorded a net loss of $2.2 million for the fourth quarter.

The company’s loss translated to 6 cents per share. After adjusting for one-time expenses and stock-based compensation, earnings stood at 26 cents per share.

During the quarter, the medical device manufacturer generated $219.9 million in revenue, with adjusted revenue totaling $218.6 million.

For the entire fiscal year, Orthofix Medical reported a net loss of $92.2 million, or $2.33 per share, while total revenue reached $811.9 million.