SIBN official logo SIBN
SIBN 1-star rating from Upturn Advisory
Si-Bone Inc (SIBN) company logo

Si-Bone Inc (SIBN)

Si-Bone Inc (SIBN) 1-star rating from Upturn Advisory
$15.36
Last Close (24-hour delay)
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PASS
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Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
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Upturn Advisory Summary

11/05/2025: SIBN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

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

Number of Analysts

2 star rating from financial analysts

9 Analysts rated it

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

1 Year Target Price $24.78

1 Year Target Price $24.78

Analysts Price Target For last 52 week
$24.78 Target price
52w Low $11.7
Current$15.36
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 star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/05/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 655.31M USD
Price to earnings Ratio -
1Y Target Price 24.78
Price to earnings Ratio -
1Y Target Price 24.78
Volume (30-day avg) 9
Beta 0.79
52 Weeks Range 11.70 - 20.05
Updated Date 11/6/2025
52 Weeks Range 11.70 - 20.05
Updated Date 11/6/2025
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 2025-11-10
When -
Estimate -0.1663
Actual -

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 508736794
Price to Sales(TTM) 3.54
Enterprise Value 508736794
Price to Sales(TTM) 3.54
Enterprise Value to Revenue 2.75
Enterprise Value to EBITDA -14.15
Shares Outstanding 43140936
Shares Floating 39242290
Shares Outstanding 43140936
Shares Floating 39242290
Percent Insiders 2.96
Percent Institutions 96.09

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Si-Bone Inc

Si-Bone Inc(SIBN) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Si-Bone Inc. was founded in 2008 and is based in Santa Clara, California. The company is a medical technology company focused on developing and commercializing minimally invasive surgical solutions for musculoskeletal disorders of the sacropelvic anatomy. It initially focused on the iFuse Implant System, a minimally invasive surgical (MIS) device for SI joint fusion.

Company business area logo Core Business Areas

  • Sacroiliac Joint Fusion: This segment focuses on the development, manufacturing, and marketing of the iFuse Implant System, used for the surgical treatment of sacroiliac (SI) joint dysfunction. This is Si-Bone's primary revenue driver.
  • Other Related Products: Si-Bone also provides surgical instruments and related products for use during the iFuse procedure.

leadership logo Leadership and Structure

Laura Sacha serves as the Chief Executive Officer of Si-Bone. The company has a board of directors that oversees its strategic direction. The organizational structure is typical of a medical device company, with departments for research and development, manufacturing, sales and marketing, and regulatory affairs.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • iFuse Implant System: The iFuse Implant System is a minimally invasive surgical (MIS) device designed to stabilize and fuse the sacroiliac (SI) joint. It is the company's primary product, generating the majority of its revenue. Market share is approximately 25%. Competitors include Medtronic and Stryker, as well as smaller companies with SI joint fusion solutions.

Market Dynamics

industry overview logo Industry Overview

The market for sacroiliac joint fusion devices is growing due to an aging population, increased awareness of SI joint dysfunction as a source of lower back pain, and the increasing acceptance of minimally invasive surgical techniques. The market is moderately competitive.

Positioning

Si-Bone Inc. is a key player in the SI joint fusion market, with the iFuse Implant System being one of the most clinically studied and widely used MIS options. They have a strong brand recognition and a focus on clinical evidence to support their product's efficacy. However, larger orthopedic companies also compete in this market.

Total Addressable Market (TAM)

The estimated TAM for SI joint fusion is approximately $1 billion. Si-Bone is positioned to capture a significant portion of this market through its strong clinical data, established presence, and focus on minimally invasive solutions.

Upturn SWOT Analysis

Strengths

  • Strong clinical data supporting iFuse efficacy
  • Minimally invasive surgical approach
  • Established market presence in SI joint fusion
  • Focus on education and training for surgeons

Weaknesses

  • Reliance on a single product (iFuse)
  • Smaller size compared to larger orthopedic companies
  • Profitability Concerns
  • Limited product diversification

Opportunities

  • Expanding into new geographic markets
  • Developing new products for related musculoskeletal conditions
  • Increasing adoption of MIS techniques
  • Partnerships with larger orthopedic companies

Threats

  • Competition from larger orthopedic companies
  • Pricing pressure from insurance providers
  • Regulatory changes affecting medical device approvals
  • Potential for alternative treatments for SI joint dysfunction

Competitors and Market Share

Key competitor logo Key Competitors

  • MDT
  • JNJ
  • SWK

Competitive Landscape

Si-Bone's advantage lies in its specialization in SI joint fusion and its strong clinical data. However, it faces competition from larger, more diversified orthopedic companies with greater resources and broader product portfolios. MDT and JNJ are general orthopedic companies, and SWK has acquired companies in the spine and orthopedic sector.

Growth Trajectory and Initiatives

Historical Growth: Si-Bone has experienced steady revenue growth driven by increasing adoption of the iFuse Implant System.

Future Projections: Analysts predict continued revenue growth for Si-Bone, driven by expanding market penetration and new product development. Revenue growth is expected to be 10-15% in the next 3 years. Path to profitability is unclear

Recent Initiatives: Si-Bone is focused on expanding its sales force, investing in research and development, and pursuing strategic partnerships.

Summary

Si-Bone is a key player in the SI joint fusion market with a well-regarded product. The company has been growing steadily but is not yet profitable and faces competition from larger players. They need to carefully manage their resources, improve profitability, and continue innovating to maintain their market position. Recent initiatives such as focus on expanding sales and R&D will help drive additional growth.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Analyst Reports
  • Company Website
  • Press Releases

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market data and projections are based on current estimates and are subject to change. Investment decisions should be based on your own due diligence and consultation with a qualified financial advisor.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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.