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Stock impact report

Establishment Labs Reports Third Quarter 2024 Financial Results

Establishment Labs Holdings Inc. - Common Shares (ESTA) 
Last establishment labs holdings inc. - common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Establishment Labs Holdings Inc. (NASDAQ: ESTA), a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, today announced financial results for the third quarter ended September 30, 2024.Third Quarter Highlights and OutlookThird quarter worldwide revenue of $40.2 million.2024 revenue guidance updated to $165 million to $168 million from previous guidance of $174 million to $184 million.Third quarter loss from operations was $13.1 million compared to a loss of $21.0 million in the year-ago period.Adjusted EBITDA loss of $7.0 million compared to a loss of $16.3 million in the year-ago period.Third quarter cash use was $14.9 million compared to use of $38.0 million in the year ago period.Cash balance of $39.7 million as of September 30, 2024; approximately $114.0 million proforma cash balance including $25.0 million Tranche C of Oaktree credit facility drawn on October 8, 20 Show less Read more
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