Paragon 28 Inc (N:FNA)

Business Focus: Medical Equipment, Supplies & Distribution

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 14445 Grasslands Drive
ENGLEWOOD CO 80112
Tel: N/A
Website: https://paragon28.com
IR: See website
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Key People
Albert Dacosta
Chairman of the Board, President, Chief Executive Officer
Stephen M. Deitsch
Chief Financial Officer
Jason Allan Edie
Chief Technology Officer
Erik Mickelson
Chief Accounting Officer, Controller
Jonathan I. Friedman
General Counsel, Secretary
Matthew Jarboe
Chief Commercial Officer
Business Overview
Paragon 28, Inc. is a medical device company. The Company develops, distributes, and sells medical devices in the foot and ankle segment of the orthopedic implant marketplace. Its products and product families include plates and plating systems, screws, staples, and nails to address all foot and ankle procedures, including fracture fixation, forefoot, or hallux valgus, which includes bunion and hammertoe, ankle, flatfoot, or progressive collapsing foot deformity (PCDF), Charcot foot and Ortho biologics. It provides a comprehensive portfolio of solutions that includes surgical implants and disposables, as well as surgical instrumentation. The Company's suite of surgical solutions comprises 75 product systems, including approximately 9,200 SKUs, which comprises of approximately 6,800 implants, 1,400 instruments and 1,000 disposable and other SKUs. Its products are available in a variety of sizes and configurations to suit the individual patient's anatomical and surgical requirements.
Financial Overview
For the fiscal year ended 31 December 2023, Paragon 28 Inc revenues increased 19% to $216.4M. Net loss decreased 29% to $47.8M. Revenues reflect United States segment increase of 16% to $183.5M, International segment increase of 41% to $32.9M. Lower net loss reflects Legal Settlement decrease from $27M (expense) to $0K, Other (expense) income - Balancing value increase from $2.5M (expense) to $945K (income).
Employees: 430 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $778.47M as of Dec 31, 2023
Annual revenue (TTM): $216.39M as of Dec 31, 2023
EBITDA (TTM): -$21.77M as of Dec 31, 2023
Net annual income (TTM): -$47.84M as of Dec 31, 2023
Free cash flow (TTM): -$91.92M as of Dec 31, 2023
Net Debt Last Fiscal Year: $34.80M as of Dec 31, 2023
Shares outstanding: 82,906,136 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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