secwatch.observer — SEC 8-K summary
======================================

Issuer:     Paragon 28, Inc. (—)
CIK:        0001531978
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087271
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1531978/000110465924087271/0001104659-24-087271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1531978/000110465924087271/tm2421069d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer