Paragon 28 Earnings Reports

Paragon 28 reported a strong third quarter with a revenue of $62.3 million, representing an 18.1% increase compared to the prior year period. The company raised its full year 2024 net revenue guidance to $252 million to $256 million. It also achieved Adjusted EBITDA profit for the first time since its IPO and improved free cash flow.

Paragon 28 reported strong momentum in the U.S. driven by new product launches and made significant progress on cost optimization plans, resulting in an 840 basis point year-over-year improvement to operating expenses. The company narrows its prior 2024 net revenue guidance and expects net revenue to be $249 million to $255 million, representing 15.1% to 17.8% reported growth compared to 2023.

Paragon 28 reported a strong start to 2024 with record net revenue of $61.1 million, representing a 17.4% increase year-over-year. The company saw growth in both U.S. and international markets, with U.S. revenue up 13.5% and international revenue up 42.2%. Despite the revenue growth, the company reported a net loss of $15.2 million and an adjusted EBITDA loss of $5.5 million.

Paragon 28 reported a consolidated net revenue of $60.6 million for the fourth quarter of 2023, representing a 17.6% increase compared to the fourth quarter of 2022. The company's net loss for the quarter was $19.6 million, compared to a net loss of $38.8 million for the same period in the previous year.

Paragon 28's consolidated net revenue for Q3 2023 was $52.8 million, representing a 14.7% increase compared to Q3 2022. The company reported a net loss of $8.3 million for the quarter, an improvement compared to the $9.7 million net loss in the same period last year. They reaffirmed their 2023 net revenue guidance of $214 million to $218 million.

Paragon 28 reported a 20.0% increase in consolidated net revenue compared to Q2 2022, reaching $51.0 million. The company's gross margin was 82.6%, and the net loss was $10.9 million. Adjusted EBITDA improved by 17.0% compared to the previous year. The company reaffirms its 2023 net revenue guidance of $214 million to $218 million.

Paragon 28 reported a record $52.0 million in consolidated net revenue for Q1 2023, representing a 25.8% increase compared to Q1 2022. The company's Adjusted EBITDA improved by 57.1% year-over-year, and they reaffirmed their 2023 net revenue guidance of $214 million to $218 million.

Paragon 28 reported Q4 2022 consolidated net revenue of $51.5 million, representing a 20.4% increase. The company experienced a net loss of $38.8 million for the quarter. Full year 2022 net revenue was $181.4 million, a 23.0% increase.

Paragon 28 reported a record quarterly net revenue of $46.0 million, representing a 28% increase compared to the third quarter of 2021. The company also increased its 2022 net revenue guidance by $3.5 million to $179.5 million.