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Surgalign Holdings, Inc.OTCPK:SRGA.Q Stock Report

Market Cap US$165.3k
Share Price
n/a
1Y-99.5%
7D16.1%
1D32.4%
Portfolio Value
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Surgalign Holdings, Inc.

OTCPK:SRGA.Q Stock Report

Market Cap: US$165.3k

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Surgalign Holdings (SRGA.Q) Stock Overview

Surgalign Holdings, Inc., a medical technology company, develops, manufactures, distributes, and markets spinal hardware implants and biomaterial products worldwide. More details

SRGA.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

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Surgalign Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Surgalign Holdings
Historical stock prices
Current Share PriceUS$0.018
52 Week HighUS$4.00
52 Week LowUS$0.005
Beta1.49
1 Month Change63.64%
3 Month Change-80.00%
1 Year Change-99.50%
3 Year Change-99.97%
5 Year Change-99.99%
Change since IPO-100.00%

Recent News & Updates

Recent updates

Seeking Alpha Aug 24

Surgalign stock rises 7% after receiving FDA clearance of Cortera spinal fixation system

Surgalign Holdings (NASDAQ:SRGA) said on Wednesday the U.S. Food and Drug Administration had cleared its Cortera Spinal Fixation System. (SRGA) stock is trading 7.4% higher premarket. The Cortera system is designed for spinal surgeries and will be used with the company’s HOLO Portal surgical guidance. The Company plans to add implants and instruments to the Cortera system over the next 3-4 years to expand into a majority of posterior fixation spinal procedures. The Cortera Spinal Fixation System limited market release is expected to positively contribute to Q4 results.
Seeking Alpha Aug 09

Surgalign revenue of $20.62M misses by $0.51M, reconfirms full-year revenue

Surgalign press release (NASDAQ:SRGA): Q2 GAAP EPS of -$0.86 beats by $1.54. Revenue of $20.62M (-17.0% Y/Y) misses by $0.51M. Shares -2.5%. Fiscal 2022 Business Outlook The Company has reconfirmed its full year revenue outlook to be in the range of $86 to $90 million. ($86.53M consensus)
Seeking Alpha Dec 21

Surgalign Holdings - A Future Of Digital Surgery

An investment in the company at a share price of $0.75 may result in returns of ~275% to ~770% by end of FY 2023. We are on Day 5 of the 30-calendar-day countdown to a final FDA decision on the ARAI Digital Surgical Guidance System 510K Submission. The competitive landscape is fierce, yet a rising tide lifts all boats - so long as the holes are patched.
Seeking Alpha Sep 23

Sizing Up Surgalign

Surgalign Holdings, Inc. (SRGA) completed its metamorphosis into a pure-play spine company (and cleaned up its balance sheet) with the sale of its OEM tissue business in July 2020. However, a continued cash bleed owed to the pandemic has necessitated two highly dilutive secondaries in 2021 and another one – with its lowered outlook – is likely before year-end. With its digital surgery platform set to launch (subject to FDA allowance) in late 2021 and significant recent insider buying, this small-cap merited a deep dive. A full investment analysis follows below.
Seeking Alpha Aug 28

Surgalign Holdings: Insiders Are Buying

Insiders own ~8.1% of the 139.41M shares outstanding. The CEO and 2 Directors purchased shares in the open market from 11-Aug-2021 to 16-Aug-2021. Holo Surgical platform approval expected in Q4 2021 with an 85% likelihood.
Seeking Alpha Aug 10

Surgalign Holdings: Pinocchio Has A Happy Ending

SRGA (a medical device company in spine and digital surgery) is trading like an underfollowed penny-stock at an incredible P/S of 0.55 versus competitors' with P/S profiles of ~3.0. The company is underfollowed and experienced an unjustified sell-off due to short-term headwinds (COVID and quality/regulatory issues in the legacy spine portfolio). Investors are pricing the company as if it's about to declare bankruptcy, whereas the balance sheet demonstrates surprising strength. Management has made some tall claims, to which I provide a qualitative subject-matter-expert assessment. Everything hinges on FDA Approval of Holo Surgical.
Seeking Alpha Jun 29

Surgalign Holdings: A Marketing Ploy

Surgalign raises $50M to continue operations throughout 2021 and beyond the FDA approval of the Holo Surgical platform (expected Q4 2021). Surgalign enhances the Holo Surgical platform offering via a partnership with Inteneural Networks (AI and big data machine learning). The company may be positioning itself as a future acquisition target.
Analysis Article Mar 08

Have Insiders Been Buying Surgalign Holdings, Inc. (NASDAQ:SRGA) Shares?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...

Shareholder Returns

SRGA.QUS Medical EquipmentUS Market
7D16.1%3.7%1.4%
1Y-99.5%-19.0%19.1%

Return vs Industry: SRGA.Q underperformed the US Medical Equipment industry which returned -1.8% over the past year.

Return vs Market: SRGA.Q underperformed the US Market which returned 15.2% over the past year.

Price Volatility

Is SRGA.Q's price volatile compared to industry and market?
SRGA.Q volatility
SRGA.Q Average Weekly Movement40.5%
Medical Equipment Industry Average Movement8.5%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: SRGA.Q's share price has been volatile over the past 3 months.

Volatility Over Time: SRGA.Q's weekly volatility has increased from 28% to 40% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997240Terry Richwww.surgalign.com

Surgalign Holdings, Inc., a medical technology company, develops, manufactures, distributes, and markets spinal hardware implants and biomaterial products worldwide. It offers products for thoracolumbar procedures, including Streamline TL spinal fixation system, a system for degenerative and complex spine procedures; and Streamline MIS spinal fixation system, a range of implants and instruments used via a percutaneous or mini-open approach; and interbody fusion devices, as well as products for cervical procedures, such as CervAlign ACP system, a comprehensive anterior cervical plate system; Fortilink-C IBF system, a cervical interbody fusion device that utilizes TETRAfuse 3D technology; and Streamline OCT system, a range of implants used in the occipito-cervico-thoracic posterior spine. The company also provides motion preservation systems comprising Coflex Interlaminar Stabilization device for the treatment of moderate to severe lumbar spinal stenosis in conjunction with decompression; HPS 2.0 Universal Fixation system, a pedicle screw system used for posterior stabilization of the thoracolumbar spine; and SImmetry SI Joint Fusion system, a minimally invasive surgical implant system to decrease opioid use, pain, and disability.

Surgalign Holdings, Inc. Fundamentals Summary

How do Surgalign Holdings's earnings and revenue compare to its market cap?
SRGA.Q fundamental statistics
Market capUS$165.30k
Earnings (TTM)-US$50.49m
Revenue (TTM)US$78.12m
0.0x
P/S Ratio
0.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRGA.Q income statement (TTM)
RevenueUS$78.12m
Cost of RevenueUS$26.03m
Gross ProfitUS$52.09m
Other ExpensesUS$102.58m
Earnings-US$50.49m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-5.50
Gross Margin66.68%
Net Profit Margin-64.63%
Debt/Equity Ratio-54.1%

How did SRGA.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/04 22:18
End of Day Share Price 2023/10/02 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Surgalign Holdings, Inc. is covered by 12 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Raymond MyersBenchmark Company
Michael GormanBTIG
William PlovanicCanaccord Genuity