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Dec 31, 2022

Paragon 28 Q4 2022 Earnings Report

Reported financial results for the quarter and year ended December 31, 2022.

Key Takeaways

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.

Consolidated net revenue for the fourth quarter of 2022 was $51.5 million, representing 20.4% growth.

U.S. net revenue for the fourth quarter of 2022 was $45.3 million.

International net revenue for the fourth quarter of 2022 was $6.2 million.

Net loss was $38.8 million for the fourth quarter of 2022.

Total Revenue
$51.5M
Previous year: $42.8M
+20.4%
EPS
-$0.16
Previous year: -$0.07
+128.6%
Gross Margin
82%
Gross Profit
$42M
Previous year: $35M
+20.1%
Cash and Equivalents
$38.5M
Previous year: $109M
-64.8%
Total Assets
$256M
Previous year: $235M
+9.1%

Paragon 28

Paragon 28

Paragon 28 Revenue by Geographic Location

Forward Guidance

The Company expects 2023 net revenue to be $214 to $218 million, representing 18% to 20% reported growth compared to 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income