The chart below shows how ESTA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ESTA sees a +10.09% change in stock price 10 days leading up to the earnings, and a +5.33% change 10 days following the report. On the earnings day itself, the stock moves by -2.56%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Milestone in Plastic Surgery: The approval of Motiva implants on September 26 was a watershed moment for our company and for the plastic surgery industry.
Exceeded Launch Expectations: The launch has exceeded even our high expectations.
Q3 Revenue Increase: Revenue in the third quarter of 2024 totaled $40.2 million, an increase of 4.5% from the year ago period.
Strong Cash Position: Our cash position at the end of the third quarter was $114 million, allowing us to fully invest in our U.S. growth initiatives.
Registered Direct Offering Announcement: We are announcing that we have completed a registered direct offering to invest $50 million at a 5% discount to our closing price.
Negative
Cash Loss Reduction: Cash loss in 3Q was $14.9 million, down more than 60% from a year ago.
Quarterly Net Loss Comparison: Net loss from operations in the third quarter was $13.1 million compared to a net loss of $21 million in the same period in 2023.
Adjusted EBITDA Loss Reduction: Adjusted EBITDA was a loss of $7 million in the quarter compared to a loss of $16.3 million in the third quarter of last year.
Operating Expenses Increase: Total operating expenses for the third quarter were $38.9 million, an increase of approximately $8.2 million from the year ago period.
Gross Profit Impact Analysis: Our gross profit for the third quarter was impacted by the revaluation of our euro-denominated inventory at quarter end, which had a negative impact on our cost of goods.
Establishment Labs Holdings Inc. (ESTA) Q3 2024 Earnings Call Transcript
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