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Mar 31, 2023
Paragon 28 Q1 2023 Earnings Report
Paragon 28 reported record net revenue and improved Adjusted EBITDA in Q1 2023.
Key Takeaways
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.
Consolidated net revenue reached a record $52.0 million, up 25.8% year-over-year.
U.S. net revenue was $45.0 million, a 24.9% increase compared to the previous year.
International net revenue hit a record $7.1 million, growing 31.9% year-over-year.
Adjusted EBITDA loss improved by 57.1% to a $1.4 million loss.
Forward Guidance
The Company reaffirms its prior 2023 net revenue guidance, and expects net revenue to be $214 million to $218 million, representing 18% to 20% reported growth compared to 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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