Establishment Labs Q3 revenue $38.2M (+31.7% YoY); tightens 2022 guidance to $158-162M

ESTABLISHMENT LABS HOLDINGS INC.

2022-Q3 EPS reported -$2.53 revenue$117,887,000

Q3 revenue $38.2M, up 31.7% YoY (37.7% constant currency); net loss $10.5M vs $9.0M in Q3 2021.
Gross margin improved to 68.1% from 67.6%; operating expenses rose 27.5% to $36.6M.
2022 revenue guidance tightened to $158-162M from $155-165M; constant-currency growth 30-33% YoY.
Cash balance $65.3M as of Sep 30; expects Mia Femtech launch and China approval in 1H 2023.
Plans to submit Motiva Implants for U.S. FDA approval in Q4 2022; all U.S. IDE trial cohorts enrolled.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESTABLISHMENT LABS HOLDINGS INC. reported the third quarter ended September 30, 2022 results: revenue $38.2 million, net income Net loss from operations for the third quarter was $10.5 million.

Period: the third quarter ended September 30, 2022
Revenue: $38.2 million
Net income: Net loss from operations for the third quarter was $10.5 million
Result: reported results

Exact text from the filing

and reconstruction, today announced its financial results for the third quarter ended September 30, 2022. Third Quarter Highlights and Outlook • Third quarter worldwide sales of $38.2 million, an increase of 31.7% year-over-year; excluding the impact of foreign currency changes, revenue growth in the third quarter would have been 37.7%. • Revenue guidance for 2022

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Source: SEC EDGAR

accession 0001688757-22-000098

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