Paragon 28 (NYSE:FNA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$61.0m (up 20% from 2Q 2023).

• Net loss: US$13.8m (loss widened by 4.0% from 2Q 2023).

• US$0.17 loss per share (further deteriorated from US$0.16 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Paragon 28 Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Paragon 28 (1 is a bit unpleasant!) that you should be aware of.

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