OrthoPediatrics corp
0.0 %
-7.35 %
Yet to be announced
Company Overview
OrthoPediatrics Corp. is a medical device company focused exclusively on providing a comprehensive product offering to the pediatric orthopedic market. The company designs, develops, and manufactures orthopedic implants and instruments specifically for children with orthopedic conditions. Their product categories include trauma and deformity correction, scoliosis correction, and sports medicine procedures.
The company's business model involves developing and commercializing innovative orthopedic implants and instruments designed specifically for children, addressing an underserved market in pediatric orthopedics.
Revenue Sources
Based on the company's SEC filings and business operations, OrthoPediatrics generates its revenue primarily from the sale of medical devices and instruments for pediatric orthopedic procedures. This core business activity is halal as it provides necessary medical equipment that benefits society. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $54.57m | $63.77m | - | $3.63m | 0.00% | 5.70% |
| June 30, 2024 | $52.8m | $58.73m | - | $261,000 | 0.00% | 0.44% |
| March 31, 2024 | $44.69m | $55.05m | - | $637,000 | 0.00% | 1.16% |
| Dec. 31, 2023 | $37.61m | $45.38m | - | $-300,000.0 | 0.00% | 0.67% |
Analysis of the last four quarters shows that interest expense as a proportion of total expenses has remained below concerning levels. The company's interest expenses relative to total expenses are minimal and primarily related to operational financing rather than interest-based business activities.
Operational Ethics
Based on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in the United States and works with hospitals and medical facilities globally, but there are no documented material ties to problematic regimes or entities.
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