Loading...
•
Jun 30, 2024
Paragon 28 Q2 2024 Earnings Report
Paragon 28 reported second quarter 2024 financial results and narrowed 2024 net revenue guidance.
Key Takeaways
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.
Chadi Chahine appointed as Chief Financial Officer and Executive Vice-President of Supply Chain Operations.
Company narrows its prior 2024 net revenue guidance and expects net revenue to be $249 million to $255 million.
Operational efficiency strategy initiated in Q2 2024 to optimize organizational structure, minimize costs, and preserve cash.
Restatement of prior period financial statements due to material accounting errors identified by management.
Forward Guidance
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. The Company’s 2024 net revenue guidance assumes foreign currency translation rates remain consistent with current foreign currency translation rates.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...