FNA Earnings Prediction
The chart below shows how FNA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FNA sees a +5.34% change in stock price 10 days leading up to the earnings, and a -5.96% change 10 days following the report. On the earnings day itself, the stock moves by -2.06%. This data can give you a slight idea of what to expect for the next quarter's release.
FNA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
62.34M
18.10%
2.16%
Gross Margin
74.08%
-7.76%
-1.21%
Operating Margin
-11.98%
-29.57%
-32.12%
Net Margin
-19.79%
25.33%
-12.39%
EPS
-0.15
-50.00%
-11.76%
No Data Available
FNA Earnings Analysis
Paragon 28, Inc. Corporation (FNA.N) Earnings Conference Call
Positive
Record Global Revenue Growth: Global revenue for Q3 2024 was a record $62.3 million, representing 18.1% reported and 17.6% constant currency growth.
Q3 2024 Revenue Growth: U.S. revenue for Q3 2024 was $51.2 million, reflecting 14.8% reported growth, aided by an extra billing day contributing approximately 150 basis points.
International Revenue Surge: International revenue reached $11.2 million in Q3 2024, showing a robust 35.7% reported and 32.8% constant currency growth.
Positive EBITDA Milestone: Adjusted EBITDA for Q3 2024 was a profit of $432,000, marking a $3.2 million improvement compared to Q3 2023 and the first full quarter of positive adjusted EBITDA since the company's IPO.
Free Cash Flow Improvement: Free cash flow for Q3 2024 improved by 69.5% year-over-year, with a use of $6.3 million compared to $20.7 million in Q3 2023.
Negative
Gross Margin Decline: 1. Declining Gross Margin: Gross margin for Q3 2024 decreased to 74.1%, down 90 basis points from 75% in Q2 2024, indicating a downward trend in profitability.
Operating Expenses Analysis: 2. High Operating Expenses: Total operating expenses reached $54.6 million, constituting 87.6% of net revenue for the quarter, despite a year-over-year improvement of 969 basis points.
Free Cash Flow Decline: 3. Negative Free Cash Flow: Free cash flow for Q3 2024 was a use of $6.3 million, although this marked a 69.5% improvement from a use of $20.7 million in Q3 2023, it still reflects ongoing cash outflows.
Rising SG&A Expenses: 4. Increased SG&A Expenses: SG&A expenses rose by $4.8 million or 11% compared to Q3 2023, primarily due to increased variable commission expenses and professional services related to a restatement and remediation plan.
Severance Costs Impact: 5. Severance Costs Impacting Operating Expenses: The third quarter included $986,000 in non-recurring severance costs, which contributed to a 150 basis point headwind to operating expenses year-over-year.
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FNA Earning Call Sentiment
Paragon 28, Inc (FNA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FNA.N
8.25%Positive
The earnings call reveals strong financial performance, with record revenue growth, improved EBITDA, and free cash flow. The company has increased revenue guidance and expects further cost savings from restructuring. While gross margin decreased slightly, it is expected to stabilize. The Q&A section indicates optimism about future growth and cost savings. Despite some management ambiguity, the overall sentiment is positive, supported by strong earnings, optimistic guidance, and a positive market reaction to new product launches. This suggests a likely stock price increase of 2% to 8% over the next two weeks.