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Dec 31, 2023
Paragon 28 Q4 2023 Earnings Report
Reported financial results for Q4 and full year 2023 and provided 2024 Net Revenue guidance.
Key Takeaways
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.
Consolidated net revenue for Q4 2023 reached $60.6 million, a 17.6% increase year-over-year.
U.S. net revenue for Q4 2023 was $51.7 million, representing a 14.1% increase year-over-year.
International net revenue for Q4 2023 was $8.9 million, a 43.1% increase year-over-year.
Net loss for Q4 2023 was $19.6 million, an improvement compared to the $38.8 million net loss in Q4 2022.
Forward Guidance
The Company expects 2024 net revenue to be $249 million to $259 million, representing 15.1% and 19.7% reported growth compared to 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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