SeaSpine Holdings Corporation Income Statement 2021-2011 | SPNE

Brief overview of financial performance at SeaSpine Holdings Corporation

The conclusions below are based on five years of reported results. Revenue reported by SeaSpine Holdings Corporation was 129 million dollars at the beginning of the period and 191 million dollars at the end. The cumulative result was +48.6%, corresponding to roughly 8.2% per year. The company expanded at a measured pace.

Gross profit changed from 19.1 million dollars to 115 million dollars (+500.9%). Gross margin moved from 14.8% to 59.9%. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA was −$31.7 million at the beginning and −$47 million at the end of the period (−48.2%). EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was −24.6% at the start and −24.6% at the end. The EBITDA margin stayed near its previous level.

The final result was −9.8 million dollars initially and −54.3 million dollars in the final year. Profitability deteriorated further over the five years.

The five-year change in capitalization reached +435.1%: from $79.6 million to $426 million. Investor expectations increased faster than reported performance.

Summary assessment

The five-year picture requires weighing both strengths and weaknesses. The strongest signals are a stronger gross margin, a larger revenue base and a steady EBITDA margin. Caution is warranted because of a narrow EBITDA buffer and a weaker final result. Investors should continue to monitor margins, costs, and earnings quality.