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Dec 31, 2019
Establishment Labs Q4 2019 Earnings Report
Establishment Labs experienced revenue growth and managed costs effectively.
Key Takeaways
Establishment Labs reported a 47.9% increase in fourth-quarter revenue compared to the previous year, reaching $24.2 million. The company's gross profit also rose to $16.4 million, with a reduced net loss of $5.5 million. They are closely monitoring the impact of Covid-19.
Worldwide sales increased by 47.9% to $24.2 million in Q4 2019.
Gross profit reached $16.4 million, representing 67.8% of revenues.
Net loss decreased to $5.5 million compared to $10.5 million in the same period last year.
Cash used in operations was $4.0 million.
Forward Guidance
Due to the challenges and uncertainties posed by the ongoing global Covid-19 pandemic, the Company will not be providing full-year revenue guidance at this time. At this time, the Company anticipates first quarter revenue will be in a range of $23.0 to $25.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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