Establishment Labs reported third quarter revenue of $40.2 million. The company updated its 2024 revenue guidance to $165 million to $168 million. The U.S. launch of Motiva has exceeded expectations, with over 250 new accounts onboarded in the first three weeks. The company's cash balance as of September 30, 2024, was $39.7 million, with a pro forma cash balance of approximately $114.0 million including recent financing activities.
Third quarter worldwide revenue reached $40.2 million.
2024 revenue guidance updated to $165 million to $168 million.
Third quarter loss from operations was $13.1 million.
Cash balance of $39.7 million as of September 30, 2024, with a pro forma balance of approximately $114.0 million after recent financing.
Establishment Labs has updated its 2024 revenue guidance to $165 million to $168 million.
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