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Si-Bone Inc (SIBN)

Upturn stock ratingUpturn stock rating
$15.3
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

08/14/2025: SIBN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

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

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $25

1 Year Target Price $25

Analysts Price Target For last 52 week
$25 Target price
52w Low $11.7
Current$15.3
52w 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 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 660.06M USD
Price to earnings Ratio -
1Y Target Price 25
Price to earnings Ratio -
1Y Target Price 25
Volume (30-day avg) 9
Beta 0.92
52 Weeks Range 11.70 - 20.05
Updated Date 08/15/2025
52 Weeks Range 11.70 - 20.05
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.57

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-08-04
When -
Estimate -0.1833
Actual -0.14

Profitability

Profit Margin -12.83%
Operating Margin (TTM) -14.4%

Management Effectiveness

Return on Assets (TTM) -7.59%
Return on Equity (TTM) -14.18%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 568702695
Price to Sales(TTM) 3.56
Enterprise Value 568702695
Price to Sales(TTM) 3.56
Enterprise Value to Revenue 3.07
Enterprise Value to EBITDA -14.15
Shares Outstanding 43140900
Shares Floating 38417435
Shares Outstanding 43140900
Shares Floating 38417435
Percent Insiders 3.03
Percent Institutions 93.05

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. It is a medical device company focused on developing and commercializing products for the treatment of sacroiliac (SI) joint dysfunction. The company's primary focus has been on minimally invasive surgical solutions for SI joint fusion.

business area logo Core Business Areas

  • Sacroiliac Joint Fusion: SI-BONE's core business revolves around providing surgical solutions for SI joint dysfunction. Their primary product, the iFuse Implant System, is used to stabilize and fuse the SI joint. They focus on developing advanced tools and techniques for minimally invasive procedures.

leadership logo Leadership and Structure

SI-BONE's leadership team typically consists of a CEO, CFO, and other key executives overseeing various departments such as R&D, marketing, and sales. The organizational structure likely includes functional departments responsible for product development, manufacturing, sales, and marketing. Current CEO is Laura A. Francis.

Top Products and Market Share

overview logo Key Offerings

  • iFuse Implant System: The iFuse Implant System is SI-BONE's flagship product, designed for minimally invasive SI joint fusion. It consists of titanium implants that are inserted across the SI joint to stabilize and fuse it. Market share data specific to iFuse is variable depending on the source, but it is considered a leader in the SI joint fusion market. Competitors include Medtronic (Invicept), RTI Surgical (SImmetry Sacroiliac Joint Fusion System), and Globus Medical. Revenue tied to iFuse is approximately 98% of their total revenue.

Market Dynamics

industry overview logo Industry Overview

The medical device industry focusing on SI joint dysfunction is growing due to increased awareness and diagnosis rates. The market is driven by the demand for minimally invasive surgical solutions to alleviate chronic lower back pain related to the SI joint.

Positioning

SI-BONE is positioned as a leader in the SI joint fusion market, particularly with its iFuse Implant System. Its competitive advantages include clinical evidence supporting the effectiveness of iFuse and a focus on minimally invasive techniques.

Total Addressable Market (TAM)

The estimated total addressable market (TAM) for SI joint fusion procedures is estimated to be in the hundreds of millions of dollars annually in the US alone. SI-BONE is positioned to capture a significant portion of this market through continued product innovation and market penetration. It is estimated to be $2 Billion in the US.

Upturn SWOT Analysis

Strengths

  • Strong clinical data supporting iFuse
  • Focus on minimally invasive techniques
  • Established market presence in SI joint fusion
  • Proprietary iFuse technology

Weaknesses

  • Reliance on a single product (iFuse)
  • Limited diversification
  • Reimbursement challenges from insurance providers can impact adoption
  • Profitability challenges

Opportunities

  • Expanding market awareness and diagnosis of SI joint dysfunction
  • Developing new products and applications for SI joint fusion
  • Increasing market penetration through partnerships and acquisitions
  • Geographic expansion into new markets

Threats

  • Competition from other medical device companies
  • Changes in reimbursement policies
  • Technological advancements leading to alternative treatments
  • Economic downturn impacting healthcare spending

Competitors and Market Share

competitor logo Key Competitors

  • MDT
  • GMED
  • NXTC

Competitive Landscape

SI-BONE faces competition from larger medical device companies, such as Medtronic and Globus Medical, that may have greater resources and broader product portfolios. SI-BONE's advantages include its focused expertise in SI joint fusion and strong clinical evidence supporting iFuse. Its disadvantage is profitability and relying on a single product.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been primarily driven by increased adoption of iFuse. However, it is important to note the company's challenges in achieving profitability.

Future Projections: Future growth projections depend on factors such as market penetration, product innovation, and reimbursement rates. Analyst estimates vary, so users should perform their own due diligence.

Recent Initiatives: Recent initiatives may include expanding sales and marketing efforts, developing new iFuse applications, and pursuing strategic partnerships.

Summary

SI-BONE is a leader in the SI joint fusion market with its iFuse product, supported by strong clinical data. However, the company is challenged by its reliance on a single product, profitability concerns, and the presence of larger competitors. Successful expansion into new markets and continued product innovation will be crucial for future growth. Potential reimbursement changes from insurance providers need to be watched carefully. Overall SIBN has a Strong product but a weak balance sheet to support future growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Analyst Reports
  • Industry Publications
  • Company Investor Relations

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investors should conduct their own due diligence 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.