FNA - Paragon 28 GAAP EPS of -$0.13 misses by $0.01 revenue of $46M beats by $3.52M
- Paragon 28 press release ( NYSE: FNA ): Q3 GAAP EPS of -$0.13 misses by $0.01 .
- Q3 revenue of $46M (+28.3% Y/Y) beats by $3.52M .
- Q3 revenue from U.S. was $40M, up 25% from last year.
- Q3 international net revenue surged more than 50% from a year ago to $6.0M.
- Q3 gross margin 81.5% vs 80.2% last year.
- Q3 adj EBITDA -$2.7M vs -$1.0M.
- The company raised its 2022 net revenue forecast by $3.5M to $179.5M, with an expected growth of 22%, compared to previous guidance of 19%.
- Impact of stronger foreign currency headwinds are now expected to reduce 2022 net revenue and net revenue growth by ~$2.4M and 1.6 percentage points, respectively.
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Paragon 28 GAAP EPS of -$0.13 misses by $0.01, revenue of $46M beats by $3.52M