ORTHOPEDIATRICS CORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
KIDS$33.48-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows -
(Unaudited) (In Thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(21,753) | $(14,283) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Tradename impairment | — | 985 |
| Depreciation and amortization | 15,087 | 12,198 |
| Stock-based compensation | 9,660 | 7,779 |
| Loss on early extinguishment of debt | 3,230 | — |
| Fair value adjustment of contingent consideration | — | (2,974) |
| Accretion of acquisition installment payable | 599 | 1,092 |
| Deferred income taxes | (3,907) | (899) |
| Changes in certain operating assets and liabilities: | ||
| Accounts receivable - trade | (5,178) | (12,878) |
| Inventories, net | (14,154) | (22,198) |
| Prepaid expenses and other current assets | (2,134) | (196) |
| Accounts payable - trade | (1,768) | 11,492 |
| Accrued expenses and other liabilities | 308 | 3,288 |
| Other | (3,051) | (2,909) |
| Net cash used in operating activities | (23,061) | (19,503) |
| INVESTING ACTIVITIES | ||
| Acquisition of Boston O&P, net of cash acquired | (20,225) | — |
| Clinic acquisition, net of cash acquired | (475) | — |
| Acquisition of MedTech, net of cash acquired | — | (3,097) |
| Acquisition of Rhino assets | — | (546) |
| Investment in private companies | (380) | — |
| Sale of short-term marketable securities | 49,855 | 89,040 |
| Purchase of short-term marketable securities | (25,000) | (48,600) |
| Purchases of property and equipment | (14,525) | (13,042) |
| Net cash (used in) provided by investing activities | (10,750) | 23,755 |
| FINANCING ACTIVITIES | ||
| Installment payment for ApiFix | (2,250) | (2,000) |
| Installment payment for MedTech | (1,250) | — |
| Proceeds from issuance of debt | 73,533 | — |
| Payment on debt | (12,231) | — |
| Payment of debt issuance costs | (3,085) | — |
| Proceeds from exercise of stock options | — | 21 |
| Payments on acquisition note | (928) | — |
| Payments on mortgage notes | (113) | (107) |
| Net cash provided by (used in) financing activities | 53,676 | (2,086) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 153 | (396) |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 20,018 | 1,770 |
| Cash, cash equivalents and restricted cash, beginning of year | $33,027 | $10,462 |
| Cash, cash equivalents and restricted cash, end of period | $53,045 | $12,232 |
| SUPPLEMENTAL DISCLOSURES | ||
|---|---|---|
| Cash paid for interest | $1,381 | $32 |
| Issuance of common shares to acquire Rhino | $— | $478 |
| Transfer of instruments between property and equipment and inventory | $966 | $431 |
| Issuance of common shares for ApiFix installment | $6,929 | $6,178 |
| Issuance of common shares for MedTech installment | $133 | $2,274 |
| Right-of-use assets obtained in exchange for lease liabilities | $3,220 | $367 |
| Debt issuance costs not yet paid | $260 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.