SeaSpine

Designs, develops and delivers advanced spinal technologies for surgeons and their patients.

Launch date

2002

Employees

501-1000 people

Market cap

Enterprise valuation

CAD487m (Public information from Jan 2023)

Carlsbad California (HQ)

http://seaspine.com

https://www.facebook.com/seaspine https://www.linkedin.com/company/seaspine-inc https://apps.apple.com/app/id1185051499 https://play.google.com/store/apps/details?id=mobile.appZpQaGkqtCc

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Revenues, earnings & profits over time

USD	2017	2018	2019	2020	2021	2022	2023
Revenues	132m	143m	159m	154m	191m	219m	247m
% growth	-	8 %	11 %	(3 %)	24 %	15 %	13 %
EBITDA	(21.0m)	(22.0m)	(28.0m)	(31.0m)	(23.0m)	(14.0m)	(5.0m)
% EBITDA margin	(16 %)	(15 %)	(18 %)	(20 %)	(12 %)	(6 %)	(2 %)
Profit	(32.0m)	(33.0m)	(39.0m)	(43.0m)	(46.0m)	(39.0m)	(32.0m)
% profit margin	(24 %)	(23 %)	(25 %)	(28 %)	(24 %)	(18 %)	(13 %)
EV / revenue	1.0x	2.4x	1.4x	3.1x	2.3x	2.0x	-
EV / EBITDA	-6.5x	-15.4x	-8.2x	-15.6x	-19.0x	-31.1x	-

Date	Investors	Amount	Round
Jun 2015	N/A	N/A	IPO
Apr 2021	N/A	$87.8m	Post IPO Equity
Jul 2022*	Wells Fargo Financial	$30.0m	Post IPO Debt
Oct 2022*	Orthofix	N/A	Merger
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by SeaSpine Aug 2016

ACQUISITION by SeaSpine Mar 2021