Welcome to our dedicated page for Shoulder Innovations news (Ticker: SI), a resource for investors and traders seeking the latest updates and insights on Shoulder Innovations stock.
News about Shoulder Innovations, Inc. (NYSE: SI) focuses on its activities as a commercial-stage medical technology company dedicated to the shoulder surgical care market. Company announcements frequently highlight developments in advanced implant systems for shoulder arthroplasty, enabling technologies and the broader ecosystem that supports surgeons and patients.
Readers of this news feed can expect updates on quarterly and periodic financial results, where Shoulder Innovations reports metrics such as net revenue, gross margin, operating loss and the number of implant systems sold. These releases often include discussion of business momentum, investments in research and development and the company’s use of non-GAAP measures like Adjusted EBITDA.
The news flow also covers product and portfolio developments. For example, the company has announced the full commercial launch of the InSet 70 humeral stem as an expansion of its I-Series humeral stem product line for shoulder arthroplasty. Such announcements describe clinical indications, workflow characteristics and how new offerings fit within the company’s broader shoulder arthroplasty portfolio.
Strategic and corporate events appear regularly as well, including participation in healthcare conferences, initial public offering and financing updates and partnerships. A notable example is the strategic partnership with Interventional Systems to develop a shoulder-specific micro-robotic solution intended to integrate with the ProVoyance platform and enhance surgical precision and workflow.
By following news linked to the SI ticker, investors and observers can review company-issued information on financial performance, product launches, strategic collaborations and conference participation, all centered on Shoulder Innovations’ exclusive focus on the shoulder surgical care market.
Silvergate Capital Corporation (NYSE: SI), a leading provider of financial solutions for the digital currency industry, announced participation in a fireside chat at Compass Point’s Cryptocurrency & Blockchain Day on June 24, 2021, at 12:00 p.m. ET. CEO Alan Lane, CFO Antonio Martino, and CSO Ben Reynolds will represent the company. Investors can access a live webcast through Silvergate's investor relations website, with an online replay available afterward. Silvergate's offerings, particularly the Silvergate Exchange Network, are crucial for the growth and evolution of digital currency markets.
Silvergate Capital Corporation (NYSE: SI) has appointed Michael Lempres as chairman of the board and Aanchal Gupta to its board of directors as well as Silvergate Bank. Lempres succeeds Dennis Frank, who has chaired since 1996. Lempres brings extensive experience in banking and digital currency sectors, while Gupta adds expertise in security and compliance from leading tech companies. This leadership transition is seen as pivotal for Silvergate's growth in the digital currency space, particularly with Lempres’ commitment to enhancing the bank's role in this evolving industry.
Silvergate Capital Corporation (NYSE: SI) has successfully completed its "at-the-market" equity offering program, raising $300 million from the sale of 2.79 million shares of its Class A common stock. The net proceeds of $295.5 million will support the company's growth, which has been robust, evidenced by a 38.9% increase in total consolidated assets to $7.8 billion as of March 31, 2021. Deposits from the digital currency sector have also surged, with average total digital currency deposits reaching $8.3 billion, up from $6.4 billion earlier in the quarter.
Silvergate Capital Corporation (NYSE: SI) announced a partnership with Diem Networks U.S. Inc., designating Silvergate Bank as the exclusive issuer of Diem USD, a stablecoin backed by the U.S. dollar. This initiative aims to enhance financial inclusion through a blockchain-based payment system. The stablecoin will facilitate minting and burning processes enabling VASPs to use it for consumer and merchant transactions, as well as cross-border payments. Both companies are committed to meeting regulatory standards and technological readiness as they finalize the terms for a pilot.
On April 27, 2021, Bitstamp announced that it surpassed $50 million in loan originations via Silvergate's SEN Leverage product, designed for the digital currency sector. This milestone demonstrates Bitstamp's growth and strong demand from institutional clients like Alameda Research and Amber Group. The company forecasts loan originations to exceed $250 million by year-end 2021. SEN Leverage enables trading with leverage secured by bitcoin or U.S. dollars, enhancing capital management for institutions, according to Bitstamp's leadership.
Silvergate Capital Corporation (NYSE:SI) reported a net income of $12.7 million, or $0.55 per diluted share, for Q1 2021, up from $9.1 million in Q4 2020. The Silvergate Exchange Network processed 166,772 transactions, an 84% increase from the previous quarter, amounting to $166.5 billion in transfers. Digital currency customer deposits surged to $6.8 billion. The company completed two equity offerings, raising $441.1 million. However, net interest margin declined to 1.33%, down from 2.85% in Q4 2020, while noninterest expenses rose to $19.6 million.
Silvergate Capital Corporation (NYSE:SI) will release its first quarter 2021 financial results on April 20, 2021, before market open, followed by a conference call at 11:00 a.m. ET. Investors can join the call by dialing 1-844-378-6480. A replay will be available later the same day, and an online webcast can be accessed through the investor relations section of the company's website. Silvergate is a leader in providing financial solutions for the digital currency industry, featuring its real-time payments platform, the Silvergate Exchange Network, supporting the growth of digital currency markets.
Silvergate Capital Corporation (NYSE: SI) has selected Fidelity Digital Assets as a custodian for its SEN Leverage product, which allows institutional investors to access USD loans collateralized by bitcoin. This collaboration simplifies access to capital for clients who already use Fidelity for custody. The loan volume for SEN Leverage surged from $35.5MM in Q3 2020 to $82.5MM by Q4 2020. Silvergate's lending authority and Fidelity's secure custody are expected to enhance investor experience by maximizing capital efficiency and integrating their services.
Silvergate Capital Corporation (NYSE: SI) has announced Coinbase Custody as the custodian for its SEN Leverage product, which provides U.S. dollar loans collateralized by bitcoin to institutional investors. SEN Leverage loan amounts start at $5MM, with interest calculated daily. The partnership aims to improve capital efficiency in the digital currency sector, where traditional lending is scarce. Since its full launch in Q4 2020, SEN Leverage has grown significantly, with loan volumes rising from $35.5MM in Q3 2020 to $82.5MM by the end of Q4.
Silvergate Capital Corporation has filed a prospectus supplement for an at-the-market equity offering program, allowing for the sale of up to $300 million in Class A common stock. This initiative aims to enhance capital accessibility, supplement regulatory capital for Silvergate Bank, and support various growth initiatives, including digital asset services and strategic acquisitions. The shares will be sold through multiple agents in various methods. Investors are encouraged to review the related documents for detailed information.