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Paragon 28 (FNA)
NYSE:FNA
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.12Last Year’s EPS
-$0.24Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 33.73%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call for Paragon 28's Q3 2024 highlighted strong financial performance with record revenues, successful product launches, improved adjusted EBITDA, and increased revenue guidance. Despite slight decreases in gross margin and non-recurring severance costs, the company's overall performance and strategic initiatives for sustainable growth and efficiency suggest a positive outlook.Company Guidance
During Paragon 28's Q3 2024 earnings call, the company reported a record global revenue of $62.3 million, marking an 18.1% reported and 17.6% constant currency growth. The U.S. business saw $51.2 million in revenue, with a 14.8% reported growth and a 9% increase in active surgeon customers. International revenue reached $11.2 million, growing by 35.7% reported and 32.8% constant currency. The company achieved an adjusted EBITDA profit of $432,000, marking a significant improvement over the previous year. Operating expenses were reduced to 87.6% of net revenue, a 969 basis point improvement year-over-year. The company also improved its free cash flow by 69.5% compared to the same quarter in 2023. Paragon 28 increased its net revenue guidance for the full year to $252-$256 million, expecting a 16.5% to 18.3% growth. The company remains focused on achieving EBITDA positivity in 2025 and free cash flow positivity in 2026.Record Global Revenue
Global revenue for Q3 2024 reached a record $62.3 million, representing 18.1% reported growth and 17.6% constant currency growth.
Strong U.S. and International Performance
U.S. revenue was $51.2 million with 14.8% growth, and international revenue was $11.2 million with 35.7% reported and 32.8% constant currency growth.
New Product Launches
2024 saw 13 new product launches, including key products like the Phantom Fibula Nail System and a short stem tibia implant, driving significant excitement and adoption.
Improved Adjusted EBITDA
Adjusted EBITDA for Q3 2024 was a profit of $432,000, marking the first full quarter of positive adjusted EBITDA since the company's IPO in October 2021.
Increased Revenue Guidance
Full-year 2024 revenue guidance was increased to $252 million to $256 million, reflecting 16.5% to 18.3% growth.
Significant Free Cash Flow Improvement
Free cash flow improved by 69.5% compared to Q3 2023 and 54.7% sequentially from Q2 2024.
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FNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $7.50 | $10.30 | +37.33% |
| Aug 08, 2024 | $8.31 | $6.64 | -20.10% |
| May 08, 2024 | $9.50 | $8.25 | -13.16% |
| Feb 29, 2024 | $12.48 | $11.76 | -5.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paragon 28 (FNA) report earnings?
Paragon 28 (FNA) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Paragon 28 (FNA) earnings time?
Paragon 28 (FNA) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNA EPS forecast?
FNA EPS forecast for the fiscal quarter 2024 (Q4) is -$0.12.
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