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Private company

SeaSpine Holdings Corp

American surgical and medical instruments and apparatus company based in Vista2

In its 2022 annual report the company says: “We are a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. We have a comprehensive portfolio of orthobiologics and spinal implant solutions, as well as a surgical navigation system, to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures in the lumbar, thoracic and cervical spine.”53

Last updated Oct 21, 2026.

Overview

  • IndustrySurgical & Medical Instruments & Apparatus2
  • HeadquartersVista, United States2
  • Incorporated inDE3
  • Business address5770 Armada Drive, Carlsbad, Ca 920083
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI5493006QNC6E00LJ7M102
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 56921862

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

59.9%Gross margin4
-31.9%Operating margin4
-28.4%Net margin4
24.0%Revenue growth, 20214
-17.4%Return on equity4
0.00×Debt to equity4
-$59.6MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue40¢$76.9M
  • Research and development11¢$22.0M
  • Other costs48¢$91.5M
  • Income tax1¢$1.1M

Out of $191.5M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$191.5M in 2021+44% since 2015
0$50.0M$100.0M$150.0M$200.0M2015: $133.2M$133.2M20152016: $128.9M$128.9M2016−3%2017: $131.8M$131.8M2017+2%2018: $143.4M$143.4M2018+9%2019: $159.1M$159.1M2019+11%2020: $154.3M$154.3M2020−3%2021: $191.5M$191.5M2021+24%
Gross profit56784$114.6M in 2021+59% since 2015
0$50.0M$100.0M$150.0M2015: $72.1M$72.1M20152016: $73.3M$73.3M2016+2%2017: $80.0M$80.0M2017+9%2018: $87.5M$87.5M2018+9%2019: $101.1M$101.1M2019+16%2020: $97.5M$97.5M2020−4%2021: $114.6M$114.6M2021+18%
Operating income56784-$61.0M in 2021+17% since 2015
-$80.0M-$60.0M-$40.0M-$20.0M02015: -$52.2M-$52.2M20152016: -$43.5M-$43.5M2016−17%2017: -$32.7M-$32.7M2017−25%2018: -$33.1M-$33.1M2018+1%2019: -$39.2M-$39.2M2019+18%2020: -$43.4M-$43.4M2020+11%2021: -$61.0M-$61.0M2021+40%
Net income56784-$54.3M in 2021−2% since 2015
-$60.0M-$40.0M-$20.0M02015: -$55.5M-$55.5M20152016: -$43.2M-$43.2M2016−22%2017: -$32.1M-$32.1M2017−26%2018: -$33.5M-$33.5M2018+4%2019: -$39.3M-$39.3M2019+17%2020: -$43.2M-$43.2M2020+10%2021: -$54.3M-$54.3M2021+26%
Fiscal year2015201620172018201920202021
Revenue$133.2M5$128.9M5$131.8M6$143.4M7$159.1M8$154.3M4$191.5M4
Cost of revenue$61.1M5$55.5M5$51.8M6$56.0M7$58.0M8$56.8M4$76.9M4
Gross profit$72.1M5$73.3M5$80.0M6$87.5M7$101.1M8$97.5M4$114.6M4
Research and development$8.4M5$11.4M5$12.2M6$12.1M7$15.1M8$16.3M4$22.0M4
Selling, general and admin$110.6M5$101.1M5$97.3M6$105.4M6
Operating expenses$175.6M4
Operating income-$52.2M5-$43.5M5-$32.7M6-$33.1M7-$39.2M8-$43.4M4-$61.0M4
Income before tax-$55.4M4
Income tax$2.5M5-$552.0K5-$118.0K6$129.0K7$356.0K8$218.0K4-$1.1M4
Net income-$55.5M5-$43.2M5-$32.1M6-$33.5M7-$39.3M8-$43.2M4-$54.3M4

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Corporate structure

SeaSpine Holdings Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SeaSpine Holdings Corp

  • SeaSpine Holdings Corp Vista, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SeaSpine Holdings Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$89.9M4 Dec 31, 2021$67.7M4 Dec 31, 2020+32.8%
Accumulated depreciation$43.0M4 Dec 31, 2021$36.2M4 Dec 31, 2020+18.6%
Property and equipment, net$46.9M4 Dec 31, 2021$31.4M4 Dec 31, 2020+49.2%
Operating-lease assets (leased space)$6.9M4 Dec 31, 2021$7.7M4 Dec 31, 2020−9.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$83.1M4 Dec 31, 2021$76.8M4 Dec 31, 2020+8.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$84.6M4 Dec 31, 2021$04 Dec 31, 2020
Intangible assets, net (excluding goodwill)$42.1M4 Dec 31, 2021$13.9M4 Dec 31, 2020+202.9%
Finite-lived intangibles, gross$124.2M4 Dec 31, 2021$90.0M4 Dec 31, 2020+38.0%
Accumulated amortization$82.2M4 Dec 31, 2021$76.1M4 Dec 31, 2020+7.9%
Finite-lived intangibles, net$42.1M4 Dec 31, 2021$13.9M4 Dec 31, 2020+202.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$72.3M4 Dec 31, 2021$54.0M4 Dec 31, 2020+33.8%
Work in process$17.6M4 Dec 31, 2021$10.1M4 Dec 31, 2020+74.9%
Finished goods$49.4M4 Dec 31, 2021$37.7M4 Dec 31, 2020+31.1%

Leadership

Who has led SeaSpine Holdings Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Keith Valentine2015–2023

President

  1. Peter Arduini2015
  2. Beau Standish2021–2023

Chief financial officer

  1. John J. Bostjancic2015–2023
20202025
Board members and other officers (20)

Timeline

  1. Jan 5, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer34
  2. Jan 4, 20238-K Shareholder vote35
  3. Dec 27, 20228-K Other events36
  4. Nov 1, 20228-K Results of operations37
  5. Oct 11, 20228-K Entered a material agreement; Other events38
  6. Oct 11, 20228-K Results of operations39
  7. Aug 2, 20228-K Results of operations40
  8. Jul 18, 20228-K Entered a material agreement41
  9. Jun 10, 20228-K Entered a material agreement42
  10. Jun 3, 20228-K Shareholder vote; Other events43
  11. May 3, 20228-K Results of operations; Executive or director change; Regulation FD disclosure44
  12. Mar 11, 20228-K Results of operations45
  13. Jun 11, 2015New chief executive Keith Valentine becomes CEO12
  14. Feb 12, 2015Founded SeaSpine Holdings Corp is founded2

Calendar

When it reported results

  1. Nov 1, 2022Reported quarterly or annual results37
  2. Oct 11, 2022Reported quarterly or annual results39
  3. Aug 2, 2022Reported quarterly or annual results40
  4. May 3, 2022Reported quarterly or annual results44
  5. Mar 11, 2022Reported quarterly or annual results45
  6. Jan 10, 2022Reported quarterly or annual results46
  7. Oct 28, 2021Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

130 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 15 major events, 68 insider forms, 5 large holders, 37 other. The latest 20:

  1. Apr 3, 2023CT ORDER EDGAR
  2. Jan 31, 2023SC 13G/A EDGAR
  3. Jan 17, 202315-12G EDGAR
  4. Jan 11, 2023EFFECT EDGAR
  5. Jan 11, 2023EFFECT EDGAR
  6. Jan 11, 2023EFFECT EDGAR
  7. Jan 9, 20234 EDGAR
  8. Jan 9, 20234 EDGAR
  9. Jan 9, 20234 EDGAR
  10. Jan 9, 20234 EDGAR
  11. Jan 9, 20234 EDGAR
  12. Jan 9, 20234 EDGAR
  13. Jan 9, 20234 EDGAR
  14. Jan 9, 20234 EDGAR
  15. Jan 9, 20234 EDGAR
  16. Jan 9, 20234 EDGAR
  17. Jan 9, 20234 EDGAR
  18. Jan 9, 20234 EDGAR
  19. Jan 9, 20234 EDGAR
  20. Jan 9, 20234 EDGAR

The 130 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 29, 2022Maniar ShwetaDirectorSale3,786$8.00$30.3KForm 4
Jul 14, 2022Standish BeauPresident, Enabling TechSale50,000$5.73$286.5KForm 4
Mar 14, 2022Gaeta ReneeDirectorSale2,000$12.03$24.1KForm 4
Feb 14, 2022Gaeta ReneeDirectorSale2,000$12.06$24.1KForm 4
Jan 10, 2022Gaeta ReneeDirectorSale2,000$12.35$24.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$6.2M 2020–2020
Money received by yearMoney received by year, 2020–2020: $6.2M in all. PPP loans $6.2M.$0$2M$4M$6M$8M2020 · PPP loans: $6.2M2020
Figures by year
YearPPP loansTotal
2020$6.2M$6.2M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA52. Matched to this company by name and state.

  1. Apr 15, 2020$6.2M PPP loan (first draw) from Regions Bank52To SEASPINE HOLDINGS CORPORATION, Carlsbad CA; $6.2M forgiven Jun 15, 2021

SEC filer profile

How SeaSpine Holdings Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSeaSpine Holdings Corp1
  • CIK0001637761
  • Employer ID (EIN)47-32517581
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • Business address5770 Armada Drive, Carlsbad, CA 920081
  • Phone(760) 727-83991
  • Shares outstanding37,202,800 as of Oct 31, 202210
  • Public float$603.4M as of Jun 30, 20214
  • On EDGAR sinceApr 1, 20151
  • Filings629 in all: 4 (291), 8-K (88), 425 (34), SC 13G/A (29), 3 (25), 10-Q (23), SC 13G (16), CORRESP (12)1
    All 33 form types

    S-8 POS (10), EFFECT (9), S-8 (9), UPLOAD (9), 424B5 (8), DEFA14A (8), 10-K (7), DEF 14A (7), SD (7), S-3 (6), 4/A (5), S-3/A (4), 10-12B/A (3), 8-K/A (3), CT ORDER (3), POS AM (3), PRE 14A (2), 10-12B (1), 10-K/A (1), 15-12G (1), 25-NSE (1), CERTNAS (1), DEFM14A (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 15, 2022
    Quarterly report (10-Q) Nov 3, 2022
    Proxy statement (DEF 14A) Apr 22, 2022
    Latest 8-K (8-K) Jan 5, 2023

Sources

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