Paragon 28 Announces Preliminary Unaudited Revenue for Fourth Quarter and Full-Year 2022
Paragon 28, Inc. (NYSE: FNA) has announced its preliminary unaudited revenue for Q4 and the full year of 2022. Q4 revenue is projected between $51.2 million and $51.5 million, marking a growth of approximately 20% year-over-year, despite foreign currency challenges impacting growth by 1.6 percentage points. For the full year, net revenue is expected to be between $181.0 million and $181.3 million, reflecting a growth of about 23.0% compared to 2021. The company plans to release its 2023 financial guidance later in the quarter.
- Q4 2022 revenue projected at $51.2 to $51.5 million, a 20% increase YoY.
- Full-year 2022 revenue expected between $181.0 and $181.3 million, showing 23.0% growth YoY.
- Foreign currency headwinds expected to reduce Q4 revenue growth by 1.6 percentage points and impact revenue by $0.7 million.
- Full-year revenue growth negatively impacted by foreign currency by 1.4 percentage points and $2.1 million.
Preliminary unaudited net revenue for the fourth quarter of 2022 is expected to be in a range of
Preliminary unaudited net revenue for the full-year of 2022 is expected to be in a range of
The Company will provide 2023 financial guidance when it releases its fourth quarter 2022 financial results later this quarter.
“Paragon 28 has had stand-out performance since our IPO in
About
Based in
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to: Paragon 28’s potential to shape a better future for foot and ankle patients and its estimated ranges of net revenue for the fourth quarter and full-year of 2022. You are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are only predictions based on our current expectations, estimates, and assumptions, valid only as of the date they are made, and subject to risks and uncertainties, some of which we are not currently aware. Forward‐looking statements should not be read as a guarantee of future performance or results and may not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward‐looking statements are based on Paragon 28’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward‐looking statements as a result of these risks and uncertainties. These risks and uncertainties are described more fully in the section titled “Risk Factors” in Paragon 28’s filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005065/en/
Investor Contact:
Senior Vice President, Strategy and Investor Relations
Phone: (741) 336-0435
mbrinckman@paragon28.com
Source:
FAQ
What is Paragon 28's expected revenue for Q4 2022?
How much is Paragon 28's projected revenue growth for full-year 2022?
What challenges is Paragon 28 facing regarding its revenue?