Loading...
•
Sep 30, 2024
Paragon 28 Q3 2024 Earnings Report
Paragon 28's third quarter results were reported with revenue growth and operational improvements.
Key Takeaways
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.
Global net revenue reached $62.3 million, an 18.1% increase year-over-year.
Full year 2024 net revenue guidance was raised to $252 million - $256 million, indicating a growth of 16.5% to 18.3% compared to 2023.
Operating expense as a percentage of revenue improved by 969 basis points year-over-year.
Adjusted EBITDA turned positive for the first time since the October 2021 IPO.
Forward Guidance
The Company is increasing its prior 2024 net revenue guidance, and now expects net revenue to be $252 million to $256 million, representing 16.5% and 18.3% reported growth compared to 2023.
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...