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Dec 31, 2023
Establishment Labs Q4 2023 Earnings Report
Establishment Labs reported fourth quarter 2023 financial results and provided 2024 guidance.
Key Takeaways
Establishment Labs' fourth quarter revenue was $31.6 million, consistent with preannouncement. The company is focused on expense reduction, balance sheet security, and achieving positive adjusted EBITDA later this year and becoming cash flow positive in 2025.
Fourth quarter revenue of $31.6 million, consistent with preannouncement on January 9.
Fourth quarter net loss from operations of $22.1 million compared to a net loss of $13.2 million in the year-ago period.
Proforma cash balance of $90 million after $50 million private placement on January 9.
Launched Motiva Implants® in China.
Forward Guidance
The company provided 2024 revenue guidance of $174 million to $184 million, an increase of 5% to 11% over 2023. Guidance does not include revenue from Motiva Implants® in the United States, which is expected in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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