Paragon 28 appoints new CFO, reports Q2 revenue $61.0M (+19.6%), narrows FY24 guidance

Paragon 28, Inc.

2024-Q2 EPS reported -$0.38 revenue$122,098,000

Appointed Chadi Chahine as CFO and EVP of Supply Chain Operations; Kristina Wright returns to Board.
Q2 2024 revenue $61.0M, +19.6% YoY; net loss $13.8M; adjusted EBITDA loss $3.0M vs. $5.4M YoY.
Operational efficiency: ~7% workforce reduction, up to $8M annualized savings, ~$1M severance.
Narrowed 2024 revenue guidance to $249M-$255M (15.1%-17.8% growth).
CEO forfeits salary increase and 2024 bonus; other executives cap bonuses at 50%.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Chadi Chahine

Chief Financial Officer and EVP of Supply Chain Operations

Paragon 28, Inc.

Effective: 2024-08-05
Filed: August 8, 2024, 7:59 PM ET

Effective August 5, 2024, Chadi Chahine, age 51, has been appointed as Chief Financial Officer (“CFO”) and EVP of Supply Chain Operations of Paragon 28.

Role change (interim)

Kristina Wright

Interim Chief Financial Officer

Paragon 28, Inc.

Effective: 2024-08-05
Successor: Chadi Chahine
Filed: August 8, 2024, 7:59 PM ET

Kristina Wright has concurrently stepped down as Interim Chief Financial Officer and will continue as a member of the Company’s Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chadi Chahine was appointed as Chief Financial Officer and EVP of Supply Chain Operations at Paragon 28, Inc..

Action: appointed
Role: Chief Financial Officer and EVP of Supply Chain Operations

Exact text from the filing

Effective August 5, 2024, Chadi Chahine, age 51, has been appointed as Chief Financial Officer (“CFO”) and EVP of Supply Chain Operations of Paragon 28.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristina Wright changed role as Interim Chief Financial Officer at Paragon 28, Inc..

Action: stepped down
Role: Interim Chief Financial Officer

Exact text from the filing

Kristina Wright has concurrently stepped down as Interim Chief Financial Officer and will continue as a member of the Company’s Board of Directors.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-24-087271

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