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Si-Bone Inc (SIBN)

Upturn stock ratingUpturn stock rating
$18.43
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

06/27/2025: SIBN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

9 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $24.67

Year Target Price $24.67

Analyst’s Price TargetsFor last 52 week
$24.67Target price
Low$11.7
Current$18.43
high$20.05

Analysis of Past Performance

Type Stock
Historic Profit -32.95%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 785.39M USD
Price to earnings Ratio -
1Y Target Price 24.67
Price to earnings Ratio -
1Y Target Price 24.67
Volume (30-day avg) -
Beta 0.94
52 Weeks Range 11.70 - 20.05
Updated Date 06/29/2025
52 Weeks Range 11.70 - 20.05
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.63

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -15.03%
Operating Margin (TTM) -15.82%

Management Effectiveness

Return on Assets (TTM) -8.51%
Return on Equity (TTM) -15.96%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 678551638
Price to Sales(TTM) 4.45
Enterprise Value 678551638
Price to Sales(TTM) 4.45
Enterprise Value to Revenue 3.84
Enterprise Value to EBITDA -14.15
Shares Outstanding 42614500
Shares Floating 37887712
Shares Outstanding 42614500
Shares Floating 37887712
Percent Insiders 3.16
Percent Institutions 96.39

Analyst Ratings

Rating 4.56
Target Price 24.67
Buy 4
Strong Buy 5
Buy 4
Strong Buy 5
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Si-Bone Inc

stock logo

Company Overview

overview logo History and Background

SI-BONE, Inc. was founded in 2008 and is headquartered in Santa Clara, California. The company focuses on developing and commercializing minimally invasive surgical (MIS) solutions for patients with musculoskeletal disorders of the sacropelvic anatomy. Their primary focus has been on the iFuse Implant System for sacroiliac joint dysfunction.

business area logo Core Business Areas

  • Sacroiliac Joint (SI Joint) Fusion: The core business is developing and selling implants and instruments for SI joint fusion, mainly using the iFuse Implant System. This includes direct sales and marketing to hospitals and surgeons.

leadership logo Leadership and Structure

The leadership team consists of key executives overseeing various departments like sales, marketing, R&D, and operations. The organizational structure is typical of a medical device company, with functional departments supporting the commercialization and development of their products.

Top Products and Market Share

overview logo Key Offerings

  • iFuse Implant System: The iFuse Implant System is a minimally invasive surgical option for SI joint dysfunction. The system uses triangular titanium implants to stabilize and fuse the SI joint. SI-BONE estimates the market share of iFuse in the SI joint fusion space is around 75%. Key competitors include Medtronic and Globus Medical, which offer alternative SI joint fusion technologies. Exact revenue from this product is not publicly disclosed separately from total revenue.

Market Dynamics

industry overview logo Industry Overview

The sacroiliac joint fusion market is growing due to increased awareness of SI joint dysfunction and the development of minimally invasive surgical techniques. The industry is characterized by competition among medical device companies offering various SI joint fusion solutions.

Positioning

SI-BONE is a leading player in the SI joint fusion market, with the iFuse Implant System being a widely adopted solution. Their competitive advantage stems from their focus on minimally invasive techniques and the clinical evidence supporting the iFuse system.

Total Addressable Market (TAM)

The estimated TAM for SI joint fusion is around $2 billion annually. SI-BONE, with approximately $150 million in annual revenue, currently captures a small, yet significant, portion of this market, suggesting substantial growth potential.

Upturn SWOT Analysis

Strengths

  • Established market leader in SI joint fusion
  • Strong clinical evidence supporting iFuse
  • Minimally invasive approach
  • Proprietary iFuse technology

Weaknesses

  • Reliance on a single product line
  • Limited geographic presence
  • Reimbursement challenges
  • Relatively small company size

Opportunities

  • Expanding into new geographic markets
  • Developing new applications for iFuse technology
  • Acquiring complementary technologies
  • Increasing awareness of SI joint dysfunction

Threats

  • Competition from larger medical device companies
  • Changes in reimbursement policies
  • Technological advancements
  • Product liability risks

Competitors and Market Share

competitor logo Key Competitors

  • MDT
  • GMED

Competitive Landscape

SI-BONE's advantages include its focus on minimally invasive SI joint fusion and strong clinical data. Disadvantages include its smaller size and limited product diversification compared to competitors.

Growth Trajectory and Initiatives

Historical Growth: SI-BONE has experienced revenue growth over the past several years, driven by increased adoption of the iFuse Implant System.

Future Projections: Analyst estimates project continued revenue growth for SI-BONE, driven by market expansion and new product development.

Recent Initiatives: Recent initiatives include expanding sales efforts, investing in R&D, and pursuing strategic partnerships.

Summary

SI-BONE is a leading player in the SI joint fusion market with the iFuse Implant System. The company has experienced significant growth, driven by its minimally invasive approach and strong clinical data. However, it faces competition from larger medical device companies. Future success depends on continued market expansion, new product development, and managing reimbursement challenges. The company is in good shape for continued growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SI-BONE Investor Relations
  • SEC Filings
  • Analyst Reports
  • Industry Research Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data and estimates are subject to change. Consult a financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Si-Bone Inc

Exchange NASDAQ
Headquaters Santa Clara, CA, United States
IPO Launch date 2018-10-17
CEO & Director Ms. Laura A. Francis MBA
Sector Healthcare
Industry Medical Devices
Full time employees 349
Full time employees 349

SI-BONE, Inc., a medical device company, focuses on solving musculoskeletal disorders of the sacropelvic anatomy in the United States and internationally. The company offers proprietary minimally invasive surgical implant systems to address sacroiliac joint dysfunction and degeneration, adult deformity and degeneration, and pelvic trauma, as well as implantable bone products. It also provides iFuse-3D, a titanium implant that combines the triangular cross-section of the iFuse implant with a proprietary 3D-printed porous surface and fenestrated design; iFuse TORQ, a line of 3D-printed threaded implants designed for applications in pelvic trauma and sacroliliac fusion; and iFuse Bedrock Granite Implant System that provides sacroiliac fusion and sacropelvic fixation as a foundational element for segmental spinal fusion; and iFuse TORQ TNT to treat pelvic trauma and sacroiliac joint dysfunction, as well as iFuse INTRA implants that are marketed as human cells, tissues, and cellular or tissue-based products. The company markets its products primarily with a direct sales force, as well as through third-party sales agent and resellers. SI-BONE, Inc. was incorporated in 2008 and is headquartered in Santa Clara, California.