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Sep 30, 2021
Establishment Labs Q3 2021 Earnings Report
Announced third quarter financial results and raised full year guidance.
Key Takeaways
Establishment Labs reported a 27.6% increase in worldwide sales for the third quarter, reaching $29.0 million. The company has raised its full year 2021 revenue guidance to a range of $124 million to $128 million.
Third quarter worldwide sales of $29.0 million, an increase of 27.6% year-over-year.
2021 guidance increased to a new range of $124 million to $128 million, an increase of 46% to 51% over 2020.
Gross profit for the third quarter was 67.6% of revenue, compared to 66.6% of revenue for the same period in 2020.
Cash balance of $64.6 million as of September 30, 2021.
Forward Guidance
Establishment Labs raised its full year 2021 revenue guidance to a range of $124 million to $128 million, an increase of 46% to 51% over 2020.
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