Surgalign Holdings Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Surgalign Holdings.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Medical Equipment earnings growth	16.4%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

Recent updates

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

Aug 24

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Surgalign Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:SRGA.Q - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2023	78	-50	-49	-42	N/A
12/31/2022	82	-55	-59	-52	N/A
9/30/2022	83	-62	-64	-56	N/A
6/30/2022	84	-61	-50	-38	N/A
3/31/2022	88	-66	-69	-56	N/A
12/31/2021	91	-81	-66	-52	N/A
9/30/2021	95	-152	-72	-57	N/A
6/30/2021	102	-171	-131	-120	N/A
3/31/2021	98	-185	-120	-109	N/A
12/31/2020	102	-194	-102	-88	N/A
9/30/2020	107	-275	-84	-70	N/A
6/30/2020	108	-266	-27	-11	N/A
3/31/2020	75	-264	-5	13	N/A
12/31/2019	117	-249	-26	-9	N/A
9/30/2019	157	-49	-24	-6	N/A
6/30/2019	197	-29	-23	-5	N/A
3/31/2019	280	-13	-13	3	N/A
12/31/2018	92	-52	3	17	N/A
9/30/2018	280	-14	4	16	N/A
6/30/2018	278	0	-9	1	N/A
3/31/2018	280	3	-22	-9	N/A
12/31/2017	280	3	-9	6	N/A
9/30/2017	280	-1	-13	2	N/A
6/30/2017	280	-22	-3	13	N/A
3/31/2017	275	-22	3	18	N/A
12/31/2016	276	-17	N/A	15	N/A
9/30/2016	278	-3	N/A	17	N/A
6/30/2016	278	4	N/A	15	N/A
3/31/2016	282	10	N/A	14	N/A
12/31/2015	282	12	N/A	9	N/A
9/30/2015	277	8	N/A	8	N/A
6/30/2015	276	7	N/A	14	N/A
3/31/2015	270	6	N/A	11	N/A
12/31/2014	263	0	N/A	7	N/A
9/30/2014	252	-9	N/A	9	N/A
6/30/2014	242	-19	N/A	0	N/A
3/31/2014	218	-24	N/A	0	N/A
12/31/2013	198	-19	N/A	-4	N/A
9/30/2013	182	-8	N/A	-8	N/A
6/30/2013	172	4	N/A	7	N/A
3/31/2013	175	8	N/A	8	N/A
12/31/2012	178	8	N/A	21	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRGA.Q's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if SRGA.Q's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SRGA.Q's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SRGA.Q's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SRGA.Q's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SRGA.Q's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/04 22:04
End of Day Share Price	2023/10/02 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Surgalign Holdings, Inc. is covered by 14 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Raymond Myers	Benchmark Company
Michael Gorman	BTIG
William Plovanic	Canaccord Genuity

Surgalign Holdings Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 19% to US$2.22

Consensus estimates of losses per share improve by 87%

Consensus revenue estimates fall by 38%

Price target decreased to US$5.00

Consensus EPS estimates fall by 14%

Price target decreased to US$11.00

Recent updates

Surgalign Holdings, Inc. Files Form 15

Xtant Medical Holdings, Inc. (NYSEAM:XTNT) acquired NanOss Production Operations of RTI Surgical, Inc. for $2 million.

Xtant Medical Holdings, Inc. (NYSEAM:XTNT) completed the acquisition of Certain assets from Surgalign Holdings, Inc. (NasdaqGS:SRGA).

Surgalign Holdings, Inc.(NasdaqGS:SRGA) dropped from S&P TMI Index

Xtant Medical Holdings, Inc. (NYSEAM:XTNT) entered into asset purchase agreement to acquire Certain assets from Surgalign Holdings, Inc. (NasdaqGS:SRGA) for $5 million.

Surgalign Holdings, Inc. Filed for Bankruptcy

Surgalign Holdings Receives Deficiency Letter from the Nasdaq Stock Market LLC Due to Non-Compliance with Minimum Market Value of Publicly Held Shares

Price target decreased by 19% to US$2.22

Consensus estimates of losses per share improve by 87%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Surgalign Holdings, Inc. Announces Release of HOLO AI Insights for Neurovascular Research

Surgalign Holdings, Inc. to Report Q1, 2023 Results on May 11, 2023

Consensus revenue estimates fall by 38%

Full year 2022 earnings: EPS misses analyst expectations

Surgalign Holdings, Inc. Announces 100th Case Completed Utilizing its Recently Launched Cortera™ Spinal Fixation System

Surgalign Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $11.99474 million.

Price target decreased to US$5.00

Consensus EPS estimates fall by 14%

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to US$11.00

Surgalign Holdings, Inc. Lowers Revenue Guidance for 2022

Surgalign Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Surgalign Holdings, Inc Launches Portfolio of Fortilink® with TiPlus™ Technology Products, Expanding its Addressable Market for Interbody Fusion Procedures

Surgalign Holdings, Inc. Announces Third Clinical Site in the Commercialization of Its Holo Portal™ Surgical Guidance System

Surgalign Announces FDA 510(K) Clearance of the Cortera Spinal Fixation System – the Company’s New Flagship Posterior Fixation Platform

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

Surgalign Holdings Announces Asset Impairment for the Second Quarter Ended June 30, 2022

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

Surgalign Holdings, Inc. Appoints Paolo Amoruso as New General Counsel and Corporate Secretary

Surgalign Holdings, Inc. Reaches Settlement with the Securities and Exchange Commission

Surgalign Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Surgalign Holdings, Inc. Announces Clinical Site Expansion in the Commercialization of Its HOLO Portal Surgical Guidance System in Ohio

Chief Financial Officer recently bought US$100k worth of stock

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Surgalign Holdings, Inc. Revises Revenue Guidance for the Fiscal Year 2022

Surgalign™ Announces the First Successful Surgical Procedure Utilizing Its HOLO Portal™ Surgical Guidance System

Price target decreased to US$1.00

Surgalign Holdings, Inc., Annual General Meeting, May 10, 2022

Joshua H. Derienzis Notifies Surgalign Holdings, Inc. of His Decision to Resign from His Position as Chief Legal Officer and Corporate Secretary, Effective May 10, 2022

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Surgalign Holdings, Inc. Appoints David Lyle as Chief Financial Officer

Surgalign Holdings, Inc. Receives FDA Clearance for HOLO Portal™ System

Surgalign Holdings - A Future Of Digital Surgery

Price target decreased to US$2.85

Third quarter 2021 earnings released: US$0.06 loss per share (vs US$0.36 loss in 3Q 2020)

Sizing Up Surgalign

Independent Director Jeffrey Lightcap has left the company

Chairman Stuart Simpson has left the company

Surgalign Holdings: Insiders Are Buying

Surgalign Holdings, Inc. Announces Issuance of U.S. Patent Covering the Use of Artificial Intelligence in Medical Image Segmentation

President recently bought US$1.0m worth of stock

Surgalign Holdings: Pinocchio Has A Happy Ending

Second quarter 2021 earnings released: US$0.086 loss per share (vs US$0.30 loss in 2Q 2020)

Price target decreased to US$4.21

Surgalign Holdings: A Marketing Ploy

Surgalign Holdings, Inc.(NasdaqGS:SRGA) dropped from Russell 3000E Value Index

Surgalign reports inducement grants under Nasdaq listing rule

First quarter 2021 earnings released: US$0.15 loss per share (vs US$0.24 loss in 1Q 2020)

Surgalign Spine Technologies Submits Premarket Notification 510(K) of Its Digital Surgical Guidance System

Surgalign Holdings, Inc. (NasdaqGS:SRGA) acquired Medical Device Prototyping and Manufacturing Facility in San Diego.

Independent Director has left the company

VP, Chief Accounting Officer & Corporate Controller has left the company

Full year 2020 earnings released: US$2.61 loss per share (vs US$2.91 loss in FY 2019)

Surgalign Holdings, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2020

Shirley Weis Not to Stand for Re-Election as Director of Surgalign Holdings, Inc. At 2021 Annual Meeting of Stockholders

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

Price target lowered to US$5.00

Surgalign Holdings, Inc. to Report Q4, 2020 Results on Mar 11, 2021