Paragon 28 Q1 revenue $61.1M (+17.4% YoY); net loss $15.2M vs $9.1M; reaffirms FY guidance $249-259M

Paragon 28, Inc.

2024-Q1 EPS reported -$0.18 revenue$61,082,000

Consolidated net revenue $61.1M (record), up 17.4% YoY; U.S. $51.1M (+13.5%), international $10.0M (+42.2%).
Gross profit margin 80.0% vs 82.9% YoY; operating expenses $61.8M, up 21.5%.
Net loss $15.2M vs $9.1M; adjusted EBITDA loss $5.5M vs $1.4M.
Reaffirms 2024 net revenue guidance of $249M-$259M (15.1%-19.7% reported growth).

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Paragon 28, Inc. reported the quarter ended March 31, 2024 results: revenue $61.1 million, net income $15.2 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $61.1 million
Net income: $15.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ended March 31, 2024, and reaffirmed its 2024 net revenue guidance. First Quarter 2024 Financial Results • Consolidated net revenue for the first quarter of 2024 was a record $61.1 million, representing 17.4% reported and constant currency growth over the first quarter of 2023. Foreign currency impact on first quarter 2024 reported net revenue growth was not

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Source: SEC EDGAR

accession 0001193125-24-134185

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