Paragon 28 (NYSE:FNA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$62.3m (up 18% from 3Q 2023).

• Net loss: US$12.3m (loss widened by 48% from 3Q 2023).

• US$0.15 loss per share (further deteriorated from US$0.10 loss in 3Q 2023).

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

Paragon 28 Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 42% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Paragon 28 (of which 1 is concerning!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.