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Dec 31, 2020
Establishment Labs Q4 2020 Earnings Report
Reported record fourth quarter revenue and provided initial 2021 guidance.
Key Takeaways
Establishment Labs reported a record fourth quarter revenue of $27.0 million, an 11% increase year-over-year. The company issued full year 2021 revenue guidance of $110 million to $112 million.
Fourth quarter worldwide sales reached $27.0 million, an 11% increase year-over-year and a new quarterly record.
The company issued 2021 revenue guidance of $110 million to $112 million, an increase of 30% to 32% over 2020.
Fourth quarter operating expenses were $22.7 million, a 9% increase compared to the fourth quarter of 2019.
The company maintained a strong cash balance of $84.5 million as of December 31, 2020.
Forward Guidance
The company issued full year 2021 revenue guidance of $110 million to $112 million, which is an annual growth rate of 30% to 32%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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