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Last $26.16 USD
Change Today +0.08 / 0.31%
Volume 711.0K
WMGI On Other Exchanges
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

wright medical group inc (WMGI) Snapshot

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52 Week High
10/29/14 - $32.65
52 Week Low
02/3/15 - $23.56
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wright medical group inc (WMGI) Details

Wright Medical Group, Inc., a specialty orthopaedic company, provides extremity and biologic solutions that enable clinicians to alleviate pain and restore their patients’ lifestyles worldwide. The company offers products that are used primarily in foot and ankle repair, upper extremity products, and biologics products. Its extremity hardware products include implants and other devices to replace or reconstruct injured or diseased joints and bones of the foot, ankle, hand, wrist, fingers, toes, elbow, and shoulder. The company also provides biologic products, which are used to support treatment of damaged or diseased bone, and tendons and soft tissues; and other biological solutions for surgeons and their patients, as well as offers a bone graft product incorporating antibiotic delivery. Its biological products focus on supporting biological musculoskeletal repair by utilizing synthetic and human tissue-based materials. The company sells its products through a network of employee sales representatives, independent sales representatives, and stocking distributors. Wright Medical Group, Inc. was founded in 1950 and is headquartered in Memphis, Tennessee.

1,180 Employees
Last Reported Date: 02/26/15
Founded in 1950

wright medical group inc (WMGI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $750.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $354.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of U.S. Extremities
Total Annual Compensation: $641.0K
President of International
Total Annual Compensation: $564.0K
Compensation as of Fiscal Year 2014.

wright medical group inc (WMGI) Key Developments

Tornier N.V., Wright Medical Group Inc., Special/Extraordinary Shareholders Meeting, Jun 18, 2015

Tornier N.V., Wright Medical Group Inc., Special/Extraordinary Shareholders Meeting, Jun 18, 2015., at 09:30 Central European Standard Time. Location: Prins Bernhardplein 200. Agenda: To consider shareholder approval of the proposed merger and the issuance of Tornier ordinary shares in connection with the merger in accordance with Dutch law; to consider change in the corporate name to Wright Medical Group N.V.; and to consider the election of new directors effective upon completion of the merger.

Wright Medical Group Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

Wright Medical Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company net sales totaled $77.9 million during, representing a 10% increase as reported and 14% increase on a constant currency basis compared to the first quarter of 2014. Net loss from continuing operations totaled $46.2 million or $0.91 per diluted share, compared to net loss of $30.3 million or $0.62 per diluted share in the first quarter of 2014. The company's adjusted EBITDA from continuing operations, as defined in the GAAP to non-GAAP reconciliation provided later in this release, were negative $11.8 million, compared to negative $6.2 million in the same quarter of the prior year. Loss from continuing operations before income taxes was $46.082 million compared to $42.468 million a year ago. Net loss was $49.748 million or $0.98 per diluted share compared to $30.420 million or $0.63 per diluted share a year ago. Operating loss was $33.121 million compared to $23.046 million a year ago. Operating loss, as adjusted was $22.045 million compared to $14.498 million a year ago. LBITDA was $30.539 million compared to $31.904 million a year ago. Net loss, as adjusted was $25.902 million or $0.51 per diluted share compared to $16.558 million or $0.34 per diluted share a year ago. Net cash used in operating activities was $25.246 million compared to $27.240 million a year ago. Capital expenditures were $11.854 million compared to $7.836 million a year ago. The company continues to anticipate net sales for 2015 of approximately $325 million to $335 million, representing constant currency growth of 13% to 16% from 2014. The company continues to anticipate 2015 adjusted EBITDA from continuing operations, as described in the GAAP to non-GAAP reconciliation provided later in this release, of negative $22.0 million to negative $27.0 million. The company continues to anticipate adjusted earnings per share from continuing operations, including stock-based compensation, for full-year 2015 of $1.67 to $1.77 per diluted share, based on approximately 51.1 million shares outstanding.

Wright Medical Group, Inc. Enters into Definitive Agreements Settling Patent Infringement Suit

On April 13, 2015, Wright Medical Group Inc. entered into definitive agreements settling a patent infringement suit filed by ConforMIS Inc. against the company in September 2013 alleging that the PROPHECY knee and ankle systems infringe four ConforMIS patents. These agreements memorialize an agreement in principle that was reached in October 2014, which was previously disclosed. Under the settlement, the company entered into a license agreement with ConforMIS under which the company received a fully paid, perpetual, non-exclusive, worldwide license under ConforMIS's patent portfolio to make, use and sell patient-specific instrumentation, and any product, device or system that is used in connection with such patient-specific instrumentation, in the foot and ankle, but excluding patient-specific implants. The licensed products include the Prophecy system for use with the company's InBone and Infinity total ankle replacement systems. In conjunction with the ConforMIS license, the Company also entered into an agreement with MicroPort Orthopedics pursuant to which the company agreed to pay on behalf of MicroPort, subject to the terms of that agreement, certain expenses, license fees and royalties owed by MicroPort Orthopedics to ConforMIS under a license agreement simultaneously entered into by MicroPort and ConforMIS. The royalties payable by the company on behalf of MicroPort, which the company expects to run through 2026, are payable based on sales of MicroPort's Prophecy patient-specific instrumentation system for use with the Advance and Evolution total knee replacement systems, which the company sold to MicroPort in January 2014.


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