Establishment Labs Q4 revenue falls 28% YoY to $31.6M; guides 2024 rev up 5-11% to $174-184M

ESTABLISHMENT LABS HOLDINGS INC.

2023-FY EPS reported -$3.07 revenue$165,151,000

Q4 revenue $31.6M vs $43.8M prior year; net loss from operations $22.1M vs $13.2M.
Adjusted EBITDA loss of $17.3M in Q4 vs $8.9M loss a year ago.
2024 revenue guidance $174-184M (+5-11%); excludes US Motiva Implants revenue expected in 2024.
Proforma cash $90M after Jan $50M private placement; Oaktree facility amended for up to $50M post-FDA approval.
Launched Motiva Implants in China; first US commercial procedure with Motiva Flora tissue expander.

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 0.95

ESTABLISHMENT LABS HOLDINGS INC. reported Fourth Quarter 2023 results: net income $22.1 million net loss.

Period: Fourth Quarter 2023
Net income: $22.1 million net loss
Result: reported results

Exact text from the filing

Fourth quarter net loss from operations of $22.1 million compared to a net loss of $13.2 million in the year-ago period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESTABLISHMENT LABS HOLDINGS INC. reported Fourth Quarter and Full Year 2023 results: revenue $31.6 million.

Period: Fourth Quarter and Full Year 2023
Revenue: $31.6 million
Result: reported results

Exact text from the filing

Total revenue for the quarter ended December 31, 2023 was $31.6 million compared to $43.8 million for the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESTABLISHMENT LABS HOLDINGS INC. reported 2024 results: revenue $174 million to $184 million. Guidance reaffirmed.

Period: 2024
Revenue: $174 million to $184 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

2024 revenue guidance of $174 million to $184 million, an increase of 5% to 11% over 2023.

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Source: SEC EDGAR

accession 0001688757-24-000022

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