Financial Snapshot

Revenue
$245.0M
TTM
Gross Margin
75.91%
TTM
Net Earnings
-$60.91M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
350.18%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$139.4M
Q3 2024
Cash
Q3 2024
P/E
-13.62
Nov 29, 2024 EST
Free Cash Flow
-$59.45M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $216.4M $181.4M $147.5M $111.0M $106.3M
YoY Change 19.3% 23.0% 32.87% 4.42%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $216.4M $181.4M $147.5M $111.0M $106.3M
Cost Of Revenue $43.60M $32.46M $28.02M $25.10M $18.83M
Gross Profit $172.8M $148.9M $119.4M $85.88M $87.45M
Gross Profit Margin 79.85% 82.11% 81.0% 77.38% 82.28%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $180.0M $159.3M $114.1M $72.64M $74.44M
YoY Change 12.99% 39.65% 57.06% -2.41%
% of Gross Profit 104.18% 106.98% 95.52% 84.58% 85.12%
Research & Development $30.08M $24.65M $16.13M $11.17M $10.30M
YoY Change 22.02% 52.84% 44.37% 8.49%
% of Gross Profit 17.41% 16.55% 13.5% 13.01% 11.77%
Depreciation & Amortization $15.54M $13.73M $8.961M $6.384M $4.202M
YoY Change 13.21% 53.2% 40.37% 51.93%
% of Gross Profit 8.99% 9.22% 7.5% 7.43% 4.81%
Operating Expenses $210.1M $211.0M $130.2M $83.81M $84.73M
YoY Change -0.41% 62.02% 55.37% -1.09%
Operating Profit -$37.31M -$62.05M -$10.78M $2.070M $2.716M
YoY Change -39.87% 475.84% -620.53% -23.78%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$5.165M -$4.129M -$1.719M -$602.0K -$648.0K
YoY Change 25.09% 140.2% 185.55% -7.1%
% of Operating Profit -29.08% -23.86%
Other Income/Expense, Net -$10.32M -$5.343M -$2.205M $2.955M -$746.0K
YoY Change 93.13% 142.31% -174.62% -496.11%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$47.63M -$67.39M -$12.98M $5.025M $1.970M
YoY Change -29.32% 419.18% -358.31% 155.08%
Income Tax $213.0K -$64.00K $713.0K $1.527M -$1.147M
% Of Pretax Income 30.39% -58.22%
Net Earnings -$47.84M -$67.33M -$13.69M $3.498M $3.117M
YoY Change -28.94% 391.68% -491.45% 12.22%
Net Earnings / Revenue -22.11% -37.12% -9.29% 3.15% 2.93%
Basic Earnings Per Share -$0.58 -$0.88 -$0.26 $0.06 $0.07
Diluted Earnings Per Share -$0.58 -$0.88 -$0.26 $0.04 $0.05

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $75.64M $38.47M $109.4M $17.50M $2.610M
YoY Change 96.63% -64.82% 524.83% 570.54%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $3.997M $4.658M $3.078M $617.0K $1.551M
YoY Change -14.19% 51.33% 398.87% -60.22%
Inventory $98.06M $60.95M $40.24M $32.23M $24.58M
Prepaid Expenses
Receivables $37.32M $37.69M $25.94M $19.97M $20.80M
Other Receivables $794.0K $615.0K $920.0K $1.479M $1.479M
Total Short-Term Assets $215.8M $142.4M $179.5M $71.80M $51.03M
YoY Change 51.58% -20.7% 150.06% 40.7%
Property, Plant & Equipment $74.12M $61.94M $32.18M $22.36M $19.83M
YoY Change 19.67% 92.47% 43.9% 12.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.623M $1.943M $0.00 $100.0K $1.407M
YoY Change 86.46% -100.0% -92.89%
Total Long-Term Assets $124.9M $111.7M $55.02M $25.79M $23.53M
YoY Change 11.77% 103.1% 113.34% 9.61%
Total Assets $340.7M $254.1M $234.5M $97.58M $74.56M
YoY Change
Accounts Payable $21.70M $14.94M $13.03M $8.812M $15.04M
YoY Change 45.23% 14.67% 47.84% -41.41%
Accrued Expenses $27.78M $48.81M $18.23M $10.05M $10.87M
YoY Change -43.08% 167.7% 81.38% -7.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $3.000M
YoY Change -100.0%
Long-Term Debt Due $640.0K $728.0K $153.0K $2.231M $17.13M
YoY Change -12.09% 375.82% -93.14% -86.97%
Total Short-Term Liabilities $51.24M $68.50M $33.96M $22.07M $47.24M
YoY Change -25.19% 101.73% 53.87% -53.28%
Long-Term Debt $109.8M $42.18M $7.476M $4.030M $72.00K
YoY Change 160.3% 464.23% 85.51% 5497.22%
Other Long-Term Liabilities $1.683M $2.155M $840.0K
YoY Change -21.9% 156.55%
Total Long-Term Liabilities $111.5M $44.34M $8.316M $4.030M $72.00K
YoY Change 151.44% 433.15% 106.35% 5497.22%
Total Liabilities $163.0M $113.2M $42.35M $26.10M $47.31M
YoY Change 43.98% 167.25% 62.28% -44.83%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 82.09M 76.77M 52.92M 43.51M 42.50M
Diluted Shares Outstanding 82.09M 76.77M 52.92M 60.41M 61.46M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $829.67 Million

About Paragon 28, Inc.

Paragon 28, Inc. engages in operation of an orthopedic foot and ankle company. The company is headquartered in Englewood, Colorado and currently employs 430 full-time employees. The company went IPO on 2021-10-21. The firm provides orthopedic solutions, procedural approaches and instrumentation that cover a range of foot and ankle ailments, including fracture fixation, forefoot, ankle, progressive collapsing foot deformity (PCFD) or flatfoot, Charcot foot and orthobiologics. To treat these painful, debilitating or even life-threatening conditions, it provides a portfolio of solutions that includes surgical implants and disposables, as well as surgical instrumentation. Its broad suite of surgical solutions comprises nearly 80 product systems to help fit the specific needs of each patient and procedure. The company has developed a comprehensive portfolio of foot and ankle surgical systems. Each system typically includes plates, screws, staples, nails, advanced joint and bone replacements, orthobiologics, and other implantation instruments and disposables specifically designed for the particular surgical system.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES AtriCure, Inc. Cryoport, Inc. Integer Holdings Corp NEVRO CORP NUVASIVE INC PROCEPT BioRobotics Corp TREACE MEDICAL CONCEPTS, INC. TransMedics Group, Inc.