72.87
+0.89%
Close of 9 Nov 2026, in USD
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About Utah Medical Products
From its filings with the US Securities and Exchange Commission
Utah Medical Products is based in Midvale, Utah and is incorporated in Utah. Its shares trade on Nasdaq under the ticker UTMD. The SEC classifies its business as surgical & medical instruments & apparatus. In the fiscal year to 31 December 2025, it reported revenue of $38.5m and net income of $11.3m. At that date it held total assets of $122.5m and shareholders' equity of $119.3m.
Currency amounts throughout this report are in thousands except per-share amounts and where noted.
UTMD's success in providing reliable solutions comes from its proven ability to integrate a number of engineering and technical disciplines in electronics, software, mechanical assembly and packaging, instrumentation, plastics processing and materials. The resulting differentiated devices represent significant incremental improvements in patient safety, clinical outcomes and/or total cost over preexisting clinical approaches. UTMD's experience is that, in the case of labor-saving devices, the improvement in cost-effectiveness of clinical procedures also leads to an improvement in overall healthcare including lower risk of complications. UTMD markets a broad range of medical devices used in critical care areas, especially the neonatal intensive care unit (NICU), the labor and delivery (L&D) department and the women’s health center in hospitals, as well as medical devices sold to outpatient clinics and physician's offices.
The opportunity to apply solutions to recognized needs results from a core of practicing clinicians who introduce ideas to the Company, together with key employees who are both clinical applications savvy and development engineering adept.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Equipment & Supplies
- Listed since
- 1 Dec 1982
- Employees
- 140
- Website
- utahmed.com ↗
- Head office
- 7043 S 300 WEST, MIDVALE, UT, 84070
- Incorporated in
- UT
- Classification
- Surgical & Medical Instruments & Apparatus
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Kevin CornwellChairman of the Board, President, Chief Executive Officer, Secretary, since 1992$455,080
- Mr. Brian KoopmanPrincipal Financial Officer$167,793
- Mr. Ernst HoyerLead Independent Director$37,800
- Dr. James BeesonIndependent Director$29,400
- Ms. Carrie LeighIndependent Director$205,650
- Mr. Paul RichinsIndependent Director, since 1994$29,400
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 66
- Environment
- 74
- Social
- 55
- Governance
- 68
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Utah Medical Products Inc is a well-established company with a strong market presence.
- The company has a diverse portfolio of medical products catering to different segments.
- Utah Medical Products Inc has a reputation for producing high-quality and reliable medical devices.
- The company has a dedicated and skilled workforce contributing to its success.
Weaknesses
- Utah Medical Products Inc may face challenges in terms of global market expansion due to regulatory barriers.
- The company's reliance on a limited number of suppliers may result in supply chain risks.
- High production costs might impact the competitive pricing of Utah Medical Products Inc's devices.
Opportunities
- The growing demand for medical devices presents an opportunity for Utah Medical Products Inc to expand its market share.
- The company can explore new markets and partnerships to diversify its product offering.
- Advancements in technology open doors for innovation and the development of new medical devices.
Threats
- Intense competition within the medical device industry may pose a threat to Utah Medical Products Inc.
- Evolving regulations and compliance requirements in different countries can impact the company's operations.
- Changes in healthcare policies and reimbursement systems may affect the demand for medical devices.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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