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Establishment Labs Reports Second Quarter 2024 Financial Results

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Establishment Labs Holdings Inc. (NASDAQ: ESTA) reported Q2 2024 financial results. Worldwide revenue was $44.1 million, with 2024 revenue guidance maintained at $174-184 million. Gross profit was $28.9 million (65.6% of revenue). The company reported a loss from operations of $9.3 million and an Adjusted EBITDA loss of $4.3 million. Cash balance stood at $54.6 million.

Key highlights include:

  • FDA PMA preapproval inspection completed
  • FDA approval of Motiva Implants expected soon
  • 18.7% sequential revenue growth
  • Improved adjusted EBITDA loss compared to previous year

The company anticipates strong growth with the upcoming U.S. launch of Motiva Implants.

Establishment Labs Holdings Inc. (NASDAQ: ESTA) ha riportato i risultati finanziari del secondo trimestre del 2024. Il fatturato globale è stato di 44,1 milioni di dollari, mantenendo la previsione di fatturato per il 2024 tra 174 e 184 milioni di dollari. Il profitto lordo è stato di 28,9 milioni di dollari (65,6% del fatturato). L'azienda ha riportato una perdita operativa di 9,3 milioni di dollari e una perdita dell'EBITDA rettificato di 4,3 milioni di dollari. Il saldo di cassa si è attestato a 54,6 milioni di dollari.

I punti salienti includono:

  • Ispezione pre-approvazione PMA completata dalla FDA
  • Approvazione della FDA per gli Impianti Motiva prevista a breve
  • Crescita sequenziale del fatturato del 18,7%
  • Miglioramento della perdita di EBITDA rettificato rispetto all'anno precedente

L'azienda prevede una forte crescita con il prossimo lancio negli Stati Uniti degli Impianti Motiva.

Establishment Labs Holdings Inc. (NASDAQ: ESTA) reportó los resultados financieros del segundo trimestre de 2024. Los ingresos globales fueron de 44,1 millones de dólares, manteniendo la guía de ingresos de 2024 en un rango de 174 a 184 millones de dólares. La ganancia bruta fue de 28,9 millones de dólares (65,6% de los ingresos). La compañía reportó una pérdida de operaciones de 9,3 millones de dólares y una pérdida de EBITDA ajustado de 4,3 millones de dólares. El saldo de efectivo fue de 54,6 millones de dólares.

Los aspectos destacados incluyen:

  • Inspección preaprobada PMA completada por la FDA
  • Se espera la aprobación de la FDA para los Implantes Motiva pronto
  • Crecimiento secuencial de ingresos del 18,7%
  • Mejora en la pérdida de EBITDA ajustado en comparación con el año anterior

La compañía anticipa un fuerte crecimiento con el próximo lanzamiento de los Implantes Motiva en Estados Unidos.

Establishment Labs Holdings Inc. (NASDAQ: ESTA)는 2024년 2분기 재무 결과를 발표했습니다. 전 세계 수익은 4,410만 달러였으며, 2024년 수익 전망은 1억 7400만 ~ 1억 8400만 달러로 유지되었습니다. 총 이익은 2,890만 달러로 (수익의 65.6%) 기록되었습니다. 회사는 운영 손실로 930만 달러, 조정된 EBITDA 손실로 430만 달러를 보고했습니다. 현금 잔고는 5,460만 달러입니다.

주요 하이라이트는 다음과 같습니다:

  • FDA PMA 사전 승인 검사 완료
  • 모티바 임플란트에 대한 FDA 승인 예상
  • 18.7%의 순차적 수익 성장
  • 지난해 대비 조정된 EBITDA 손실 개선

회사는 모티바 임플란트의 향후 미국 출시와 함께 강력한 성장을 예상하고 있습니다.

Establishment Labs Holdings Inc. (NASDAQ: ESTA) a annoncé les résultats financiers du deuxième trimestre de 2024. Le chiffre d'affaires mondial était de 44,1 millions de dollars, avec une prévision de chiffre d'affaires pour 2024 maintenue entre 174 et 184 millions de dollars. Le bénéfice brut s'élevait à 28,9 millions de dollars (65,6 % du chiffre d'affaires). La société a enregistré une perte d'exploitation de 9,3 millions de dollars et une perte d'EBITDA ajusté de 4,3 millions de dollars. Le solde de trésorerie était de 54,6 millions de dollars.

Les points clés incluent :

  • Inspection préalable à l'approbation PMA complétée par la FDA
  • Approbation de la FDA pour les implants Motiva attendue prochainement
  • Croissance séquentielle du chiffre d'affaires de 18,7 %
  • Amélioration de la perte d'EBITDA ajusté par rapport à l'année précédente

L'entreprise anticipe une forte croissance avec le lancement prochain des implants Motiva aux États-Unis.

Establishment Labs Holdings Inc. (NASDAQ: ESTA) hat die finanziellen Ergebnisse für das zweite Quartal 2024 veröffentlicht. Der weltweite Umsatz betrug 44,1 Millionen Dollar, wobei die Umsatzprognose für 2024 bei 174 bis 184 Millionen Dollar bleibt. Der Bruttoertrag belief sich auf 28,9 Millionen Dollar (65,6% des Umsatzes). Das Unternehmen meldete einen Operativen Verlust von 9,3 Millionen Dollar und einen Verlust bei angepasster EBITDA von 4,3 Millionen Dollar. Der Kassenbestand betrug 54,6 Millionen Dollar.

Wichtige Highlights sind:

  • FDA PMA-Vorprüfinspektion abgeschlossen
  • FDA-Zulassung für Motiva-Implantate wird bald erwartet
  • 18,7% sequenzielle Umsatzsteigerung
  • Verbesserter Verlust bei angepasstem EBITDA im Vergleich zum Vorjahr

Das Unternehmen erwartet ein starkes Wachstum mit der bevorstehenden Markteinführung der Motiva-Implantate in den USA.

Positive
  • 18.7% sequential revenue growth in Q2
  • Improved gross profit margin to 65.6% from 62.3% year-over-year
  • Reduced operating expenses by $5.7 million compared to Q2 2023
  • Adjusted EBITDA loss improved to $4.3 million from $9.3 million year-over-year
  • FDA PMA preapproval inspection completed, with approval expected soon
  • Maintained 2024 revenue guidance of $174-184 million (5-11% growth)
Negative
  • Q2 revenue decreased to $44.1 million from $48.6 million year-over-year
  • Reported net loss of $17.2 million, slightly higher than $16.7 million in Q2 2023
  • Cash balance decreased to $54.6 million from December 31, 2023

Insights

Establishment Labs' Q2 2024 results show a mixed financial picture. While revenue declined 9.3% year-over-year to $44.1 million, there was a strong sequential growth of 18.7%. The company maintained its 2024 revenue guidance of $174-184 million, indicating confidence in future growth.

Notably, gross profit margin improved to 65.6% from 62.3% last year, driven by geographic mix and higher average selling prices. The company also made significant progress in reducing operating expenses, with SG&A and R&D costs decreasing by $4.2 million and $1.4 million respectively.

While still operating at a loss, the adjusted EBITDA loss narrowed to $4.3 million from $9.3 million in the year-ago period, showing improved operational efficiency. The cash balance of $54.6 million provides a reasonable runway for future operations and potential U.S. market entry.

The completion of the FDA PMA preapproval inspection for Motiva Implants is a crucial milestone for Establishment Labs. This suggests that FDA approval could be imminent, potentially opening up the lucrative U.S. market for the company's breast implants.

The U.S. launch of Motiva Implants would be transformative for Establishment Labs, allowing it to compete in the world's largest breast aesthetics market. This could significantly boost revenue and market share, especially given the company's claims of superior clinical and aesthetic outcomes.

However, investors should note that regulatory approvals can be unpredictable and successful market entry will depend on factors such as pricing strategy, marketing efforts and acceptance by U.S. surgeons and patients. The company's preparedness for a potential U.S. launch will be critical in capitalizing on this opportunity.

Establishment Labs' focus on women's health and wellness, particularly in breast aesthetics and reconstruction, positions it well in the growing Femtech market. The company's portfolio, including Motiva implants, Motiva Flora tissue expander and Mia Femtech, demonstrates a commitment to innovation in this space.

With over 3 million Motiva devices delivered across 85+ countries, the company has established a strong international presence. The potential U.S. market entry could be a game-changer, as it would allow Establishment Labs to compete in a market that accounts for a significant portion of global breast implant procedures.

Investors should monitor the company's ability to execute its U.S. launch strategy, maintain its international market share and continue innovating in the Femtech space. The company's patent portfolio and scientific studies provide a solid foundation for future growth, but success will depend on effective commercialization and market adoption of its technologies.

NEW YORK--(BUSINESS WIRE)-- Establishment Labs Holdings Inc. (NASDAQ: ESTA), a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, today announced financial results for the second quarter ended June 30, 2024.

Second Quarter Highlights and Outlook

  • Second quarter worldwide revenue of $44.1 million.
  • 2024 revenue guidance remains $174 million to $184 million, an increase of 5% to 11% over 2023.
  • Gross profit for the second quarter was $28.9 million, or 65.6% of revenue, compared to $30.3 million, or 62.3% of revenue in the year-ago period.
  • Second quarter loss from operations was $9.3 million compared to a loss of $13.7 million in the year-ago period.
  • Adjusted EBITDA loss of $4.3 million compared to a loss of $9.3 million in the year-ago period.
  • Cash balance of $54.6 million as of June 30, 2024.
  • FDA PMA preapproval inspection completed July 26, 2024.
  • FDA approval of Motiva Implants expected shortly.

“The strong sequential revenue growth of 18.7% in the second quarter is an important achievement as we return to growth. We also saw the tangible results of our efforts to reduce our expense base, with adjusted EBITDA improving to a loss of $4.3 million, less than half the loss we saw in the year ago period,” said Juan José Chacón-Quirós, Chief Executive Officer.

“Late last month, the U.S. FDA completed the PMA preapproval inspection of our manufacturing facility. We expect approval of Motiva Implants in the United States soon,” Mr. Chacón-Quirós continued. “Our launch in the U.S. will be a watershed event in our journey to transform breast aesthetics and reconstruction. The new standard we have set for clinical and aesthetic outcomes in these categories will now be available to women and surgeons in the largest market in the world. We are on a clear path for global market leadership and have many years of strong and healthy growth ahead of us.”

Second Quarter 2024 Financial Results

Total revenue for the quarter ended June 30, 2024 was $44.1 million compared to $48.6 million for the same period in 2023.

Gross profit for the second quarter was $28.9 million, or 65.6% of revenue, compared to $30.3 million, or 62.3% of revenue, for the same period in 2023. The increase in gross profit margin was primarily driven by geographic mix and higher average selling prices.

Total operating expenses for the second quarter were $38.3 million, a decrease of $5.7 million compared to $44.0 million in the second quarter of 2023.

SG&A expenses for the second quarter decreased approximately $4.2 million to $32.8 million compared to $37.0 million in the second quarter of 2023. The decrease in SG&A was primarily the result of the cost reduction initiatives, including headcount reductions.

R&D expenses decreased approximately $1.4 million to $5.5 million in the second quarter compared to $6.9 million for the same quarter a year ago. The decrease was primarily due to reductions in personnel costs.

Net loss for the second quarter was $17.2 million compared to a net loss of $16.7 million in the year ago period.

The Company’s cash balance on June 30, 2024 was $54.6 million. Cash increased $14.6 million from December 31, 2023, primarily as a result of the private placement offering completed on January 9, partially offset by operating losses and investments in the new manufacturing facility.

Conference Call and Webcast Information

Establishment Labs will host a conference call and webcast today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call can be accessed by dialing (800) 715-9871 (U.S. and Canada) or (646) 307-1963 (international) and using conference ID number 7160745. In addition, the live and archived webcast will be available in the Investor Relations section of the Company's website at www.establishmentlabs.com.

About Establishment Labs

Establishment Labs Holdings Inc. is a global medical technology company dedicated to improving women’s health and wellness through the power of science, engineering, and technology. The Company offers a portfolio of Femtech solutions for breast health, breast aesthetics and breast reconstruction. The over three million Motiva® devices Establishment Labs has delivered to plastic and reconstructive surgeons since 2010 have created a new standard for safety and patient satisfaction in the over 85 countries in which they are available. The Motiva Flora® tissue expander is used to improve outcomes in breast reconstruction following breast cancer and it is the only regulatory-approved expander in the world with an integrated port using radio-frequency technology that is MRI conditional. Mia Femtech™, Establishment Lab’s unique minimally invasive experience for breast harmony, is the Company’s most recent breakthrough innovation. These solutions are supported by over 200 patent applications in 25 separate patent families worldwide and over 50 scientific studies and publications in peer reviewed journals. Establishment Labs manufactures at two facilities in Costa Rica compliant with all applicable regulatory standards under ISO13485:2016 and FDA 21 CFR 820 under the MDSAP program. In 2018, the Company received an investigational device exemption (IDE) from the FDA for Motiva Implants® and began a clinical trial to support regulatory approval in the United States. Please visit our website for additional information at www.establishmentlabs.com.

Establishment Labs' Motiva silicone gel-filled implants are currently not approved for commercial distribution in the United States. The Company’s implants are undergoing PMA clinical investigation pursuant to U.S. FDA regulations for investigational medical devices.

Non-GAAP Financial Measures

To supplement our financial results presented in accordance with GAAP, this release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: EBITDA and Adjusted EBITDA. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies, limiting the usefulness of the measures for comparison with other companies.

EBITDA is defined as net income or loss excluding: (1) interest income and expense; (2) provision for income taxes; and (3) depreciation and amortization. We consider EBITDA useful to an investor in evaluating and facilitating comparisons of our operating performance between periods by removing the impact of our capital structure (primarily interest expense) and asset base (primarily depreciation and amortization) from our operating results.

We also present Adjusted EBITDA which includes additional adjustments for items such as other non-cash charges, gains or losses on extinguishment of debt, share-based compensation and foreign currency gains and losses. We believe that Adjusted EBITDA provides useful supplemental information to investors regarding our ongoing operating performance that, when considered with net income and EBITDA, is beneficial to an investor's understanding of our performance.

We believe disclosure of this information is also useful to investors as it provides insight into the earnings that management uses to make strategic decisions. These non-GAAP financial measures should be considered along with, but not as alternatives to, net income or loss as prescribed by GAAP as a measure of our operating performance. EBITDA and Adjusted EBITDA do not represent cash generated from operating activities under GAAP and should not be considered as alternatives to cash flows from operations or any other operating performance measure prescribed by GAAP. These measures are not measures of our liquidity, nor are indicative of funds available to fund our cash needs. These measurements do not reflect cash expenditures for long-term assets and other items that have been and will be incurred. EBITDA and Adjusted EBITDA may include funds that may not be available for management’s discretionary use due to functional requirements to conserve funds for capital expenditures, property acquisitions, and other commitments and uncertainties.

Please see “Reconciliation of EBITDA and Adjusted EBITDA” for a reconciliation of these measures to net income (loss), the most directly comparable financial measure. This release also includes information about our expectations regarding Adjusted EBITDA on a forward-looking basis. We have not provided a reconciliation of such forward-looking Adjusted EBITDA information because a reconciliation of such measure to our expected GAAP net income (loss) on a forward-looking basis is not available without unreasonable efforts. The timing or amount of various reconciling items that would impact the forward-looking expectations for this non-GAAP financial measure are uncertain, depend on various factors and cannot be reasonably predicted. Such unavailable information could be material to our results computed in accordance with U.S. GAAP.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). You can find many (but not all) of these statements by looking for words such as “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “intends to,” “would,” “will,” “may” or other similar expressions in this press release. Any statements that refer to projections of our future financial or operating performance, anticipated trends in our business, our goals, strategies, focus and plans, including related product development and commercialization and regulatory approvals, and other characterizations of future events or circumstances, including statements expressing general optimism about future operating results, related to the company’s performance are forward-looking statements. We claim the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. We caution investors that any forward-looking statements presented in this report, or that we may make orally or in writing from time to time, are expressions of our beliefs and expectations based on currently available information at the time such statements are made. Such statements are based on assumptions, and the actual outcome will be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control. Although we believe that our assumptions are reasonable, we cannot guarantee future performance, and some will inevitably prove to be incorrect. As a result, our actual future results and the timing of events may differ from our expectations, and those differences may be material. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: our ability to successfully, timely and cost-effectively develop, seek and obtain regulatory clearance for and commercialize our product offerings; the rate of adoption of our products by healthcare providers or other customers; the success of our marketing initiatives; the safe and effective use of our products; our ability to protect our intellectual property; our future expansion plans and capital allocation; our ability to expand upon and/or secure sources of credit or capital; our ability to develop and maintain relationships with qualified suppliers to avoid a significant interruption in our supply chains; our ability to attract and retain key personnel; our ability to scale our operations to meet market demands; the effect on our business of existing and new regulatory requirements; and other economic and competitive factors. These and other factors that could cause or contribute to actual results differing materially from our expectations include, among others, those risks and uncertainties discussed in the company’s annual report on Form 10-K filed on March 4, 2024 and will be discussed in the company's quarterly report on Form 10-Q that will be filed on August 7, 2024, which risks and uncertainties may be updated in the future in other filings made by the company with the Securities and Exchange Commission. The risks included in those documents are not exhaustive, and additional factors could adversely affect our business and financial performance. We operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We are not undertaking any obligation to update any forward-looking statements. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on known results and trends at the time they are made, to anticipate future results or trends.

ESTABLISHMENT LABS HOLDINGS INC.

Consolidated Statements of Operations

(In thousands, except share and per share data)

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2024

 

 

 

2023

 

 

 

2024

 

 

 

2023

 

Revenue

 

$

44,117

 

 

$

48,561

 

 

$

81,284

 

 

$

95,085

 

Cost of revenue

 

 

15,181

 

 

 

18,300

 

 

 

27,968

 

 

 

34,745

 

Gross profit

 

 

28,936

 

 

 

30,261

 

 

 

53,316

 

 

 

60,340

 

Operating expenses:

 

 

 

 

 

 

 

 

Sales, general and administrative

 

 

32,792

 

 

 

37,027

 

 

 

61,733

 

 

 

68,733

 

Research and development

 

 

5,488

 

 

 

6,947

 

 

 

9,761

 

 

 

13,480

 

Total operating expenses

 

 

38,280

 

 

 

43,974

 

 

 

71,494

 

 

 

82,213

 

Loss from operations

 

 

(9,344

)

 

 

(13,713

)

 

 

(18,178

)

 

 

(21,873

)

Interest income

 

 

556

 

 

 

170

 

 

 

1,044

 

 

 

245

 

Interest expense

 

 

(5,186

)

 

 

(3,620

)

 

 

(9,567

)

 

 

(7,376

)

Other income (expense), net

 

 

(2,779

)

 

 

1,343

 

 

 

(5,816

)

 

 

2,072

 

Loss before income taxes

 

 

(16,753

)

 

 

(15,820

)

 

 

(32,517

)

 

 

(26,932

)

Provision for income taxes

 

 

(428

)

 

 

(925

)

 

 

(866

)

 

 

(1,755

)

Net loss

 

$

(17,181

)

 

$

(16,745

)

 

$

(33,383

)

 

$

(28,687

)

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share

 

$

(0.62

)

 

$

(0.65

)

 

$

(1.21

)

 

$

(1.14

)

Weighted average outstanding shares used for basic and diluted net loss per share

 

 

27,905,614

 

 

 

25,615,444

 

 

 

27,679,832

 

 

 

25,144,375

 

 

 

 

 

 

 

 

 

 

ESTABLISHMENT LABS HOLDINGS INC.

Consolidated Balance Sheets

(In thousands)

 

 

 

 

 

 

June 30,
2024

 

December 31,
2023

 

(Unaudited)

 

 

Assets

 

 

 

Current assets:

 

 

 

Cash

$

54,600

 

$

40,035

Accounts receivable, net of allowance for credit losses of $2,019 and $1,841

 

59,982

 

 

46,918

Inventory, net

 

64,213

 

 

79,471

Prepaid expenses and other current assets

 

7,337

 

 

8,477

Total current assets

 

186,132

 

 

174,901

Long-term assets:

 

 

 

Property and equipment, net of accumulated depreciation

 

79,546

 

 

77,205

Goodwill

 

465

 

 

465

Intangible assets, net of accumulated amortization

 

10,041

 

 

7,987

Right-of-use operating lease assets, net

 

3,717

 

 

3,381

Other non-current assets

 

5,187

 

 

4,702

Total assets

$

285,088

 

$

268,641

Liabilities and shareholders’ equity

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

28,420

 

$

41,624

Accrued liabilities

 

11,812

 

 

13,690

Other liabilities, short-term

 

1,660

 

 

1,836

Total current liabilities

 

41,892

 

 

57,150

Long-term liabilities:

 

 

 

Note payable, net of debt discount and issuance costs

 

193,732

 

 

188,739

Operating lease liabilities, non-current

 

2,989

 

 

2,712

Other liabilities, long-term

 

1,456

 

 

1,645

Total liabilities

 

240,069

 

 

250,246

Shareholders’ equity:

 

 

 

Total shareholders’ equity

 

45,019

 

 

18,395

Total liabilities and shareholders’ equity

$

285,088

 

$

268,641

 

 

 

 

ESTABLISHMENT LABS HOLDINGS INC.

Reconciliation of EBITDA and Adjusted EBITDA

(In thousands)

(Unaudited)

 

The following is a reconciliation of net loss to EBITDA and Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2024

 

 

 

2023

 

Net loss

$

(17,181

)

 

$

(16,745

)

 

$

(33,383

)

 

$

(28,687

)

Interest expense

 

(5,186

)

 

 

(3,620

)

 

 

(9,567

)

 

 

(7,376

)

Interest income

 

556

 

 

 

170

 

 

 

1,044

 

 

 

245

 

Provision for income taxes

 

(428

)

 

 

(925

)

 

 

(866

)

 

 

(1,755

)

Depreciation and amortization

 

(1,268

)

 

 

(947

)

 

 

(2,690

)

 

 

(1,883

)

EBITDA

 

(10,855

)

 

 

(11,423

)

 

 

(21,304

)

 

 

(17,918

)

Stock compensation expense

 

(3,757

)

 

 

(3,616

)

 

 

(7,202

)

 

 

(6,940

)

Foreign currency gain (loss)

 

(2,764

)

 

 

1,460

 

 

 

(5,783

)

 

 

2,379

 

Adjusted EBITDA

$

(4,334

)

 

$

(9,267

)

 

$

(8,319

)

 

$

(13,357

)

 

 

 

 

 

 

 

 

 

Investor/Media Contact:

Raj Denhoy

415 828-1044

rdenhoy@establishmentlabs.com

Source: Establishment Labs Holdings Inc.

FAQ

What was Establishment Labs' (ESTA) revenue for Q2 2024?

Establishment Labs reported worldwide revenue of $44.1 million for Q2 2024.

How did Establishment Labs' (ESTA) Q2 2024 gross profit compare to the previous year?

Gross profit for Q2 2024 was $28.9 million (65.6% of revenue), compared to $30.3 million (62.3% of revenue) in Q2 2023.

What is Establishment Labs' (ESTA) revenue guidance for 2024?

Establishment Labs maintained its 2024 revenue guidance at $174 million to $184 million, representing a 5% to 11% increase over 2023.

When did Establishment Labs (ESTA) complete the FDA PMA preapproval inspection?

Establishment Labs completed the FDA PMA preapproval inspection on July 26, 2024.

What was Establishment Labs' (ESTA) cash balance as of June 30, 2024?

Establishment Labs reported a cash balance of $54.6 million as of June 30, 2024.

Establishment Labs Holdings Inc.

NASDAQ:ESTA

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27.94M
11.3%
90.5%
18.91%
Medical Devices
Orthopedic, Prosthetic & Surgical Appliances & Supplies
Link
United States of America
ALAJUELA