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Stock impact report

Paragon 28 Reports Second Quarter 2022 Financial Results and Increases 2022 Net Revenue Guidance

Paragon 28, Inc. (FNA) 
Company Research Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Paragon 28, Inc. (NYSE: FNA) (“PARAGON”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today reported financial results for the quarter ended June 30, 2022 and increased its 2022 revenue guidance.Financial HighlightsNet revenue $42.5 million for the second quarter of 2022, representing growth of 19% over the second quarter of 2021.Strengthening of the U.S. dollar reduced second quarter 2022 net revenue growth by 140 basis points as compared to the second quarter of 2021.U.S. revenue for the second quarter of 2022 was $36.8 million, representing growth of 19% over the second quarter of 2021. Growth in the quarter was driven primarily by sales force productivity gains resulting from new product launches and continued medical education momentum.International revenue for the second quarter of 2022 was a record $5.7 million, representing growth of 20% over the second quarter of 2021. Strengthening of th Show less Read more
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