FNA - Paragon 28 guides Q4 and FY22 revenue outlook above consensus
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Paragon 28 ( NYSE: FNA ) expects Q4 revenue to be in a range of $51.2M to $51.5 million, representing reported growth of ~20% Y/Y, vs consensus of $49.56M .
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These results reflect foreign currency headwinds which are expected to reduce preliminary unaudited 4Q22 net revenue growth and net revenue by 1.6% points and $0.7M, respectively, as compared to the 4Q21.
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FY22 revenue is now expected to be in a range of $181.0M to $181.3M, reflecting growth of ~23.0% Y/Y, from the prior view of $179.5M , vs consensus of $179.45M .
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These results reflect foreign currency headwinds which are expected to reduce preliminary unaudited FY22 net revenue growth and net revenue by 1.4% points and $2.1M, respectively, as compared to the FY21.
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“Paragon 28 has had stand-out performance since our IPO in October 2021, and we are more excited than ever about the strength of our business as we begin 2023,” said Albert DaCosta, Chairman and CEO of Paragon 28.
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Paragon 28 guides Q4 and FY22 revenue outlook above consensus