Establishment Labs reports record Q2 revenue of $48.6M, up 18% YoY; net loss narrows to $16.7M

ESTABLISHMENT LABS HOLDINGS INC.

2023-Q2 EPS reported -$1.14 revenue$95,085,000

Q2 2023 revenue of $48.6M (+18% YoY) sets new quarterly record; gross margin 62.3% vs 66.7% a year ago.
Net loss of $16.7M improved from $37.1M in Q2 2022; operating loss widened to $13.7M from $10.4M.
Cash balance $90.2M, boosted by April 27 follow-on offering of 1.265M shares.
FY 2023 revenue guidance maintained at $200-210M, representing 24-30% annual growth.
Mia Femtech has 14 clinic partners; U.S. PMA progressing; new Sulàyöm campus opened July 19.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESTABLISHMENT LABS HOLDINGS INC. reported second quarter ended June 30, 2023 results: revenue $48.6 million, net income $16.7 million. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $48.6 million
Net income: $16.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and reconstruction, today announced financial results for the second quarter ended June 30, 2023. First Quarter Highlights and Outlook • Second quarter worldwide revenue of $48.6 million increased 18.0% year-over-year and was a new quarterly record. • 2023 revenue guidance remains $200 million to $210 million, an increase of 24% to 30% over 2022. • Second quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 0.6

ESTABLISHMENT LABS HOLDINGS INC. reported financial results for six months ended June 30, 2023.

Period: six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, Establishment Labs Holdings Inc. (the “Company”) issued a press release announcing the Company’s financial results for the three and six months ended June 30, 2023 and recent corporate highlights.

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Source: SEC EDGAR

accession 0001688757-23-000073

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