Establishment Labs reports Q4 EPS (79c), consensus (91c)

Reports Q4 revenue $31.6M, consensus $31.5M. “Our markets are stabilizing and we are seeing improving demand,” said Juan Jose Chacon-Quiros, Chief Executive Officer. “Our global market checks suggest that we will have continued improvement throughout 2024. During this period, we have taken meaningful steps to reduce our expenses and cash use. We have also secured our balance sheet with the recent $50 million private placement and the amendment of our credit facility. Creating shareholder value is of the utmost importance to us, and we remain acutely focused on achieving positive adjusted EBITDA later this year and becoming cash flow positive in 2025.”