Paragon 28 — Q1 2024 Earnings Presentation
8 slides from Paragon 28's earnings presentation, May 8, 2024
Slide 1: 1Q 2024 Earnings Update
1Q 2024 Earnings Update May 8, 2024 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Except for the historical information contained herein, the matters set forth in this presentation are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to: Para
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to our results and measures of performance determined in accordance with U.S. GAAP presented in this press release, we believe that certain non-GAAP financial measures are useful in evaluating and comparing our financial and operational performance over multip
Slide 4: Table of Contents
1Q 2024 Earnings Update – Table of Contents 1Q 2024 Highlights 5 1Q 2024 Net Revenue and FY 2024 Net Revenue Guidance 6 1Q 2024 Operating Expense And Operating Cash Flow Trends 7 The Global Foot & Ankle Market 8 Continued Strong Product Launch Cadence & Pipeline 9
Slide 5: Highlights
1Q 2024 Highlights Sustained growth in 1Q 2024 well above broader market; Reaffirmed 2024 Net Revenue guidance Net Revenue Performance & Guidance Key Operational and Financial Details Strategic Highlights Global Net Revenue (YoY Growth): 1Q: $61.1M (+17.4% reported; +17.4% CC) | One less billing day
Slide 6: Net Revenue and FY Guidance
1Q 2024 Net Revenue and FY 2024 Net Revenue Guidance 1Q 2024 Net Revenue Strong top-line performance in 1Q 2024 compared to 27.1% constant currency growth in 1Q 2023. Confidence in guidance range Reaffirmed FY 2024 Net Revenue Guidance Consolidated Growth: + 17.4% Reported + 17.4% Constant Currency
Slide 7: The Global Foot & Ankle Market
The Global Foot & Ankle Market Global Foot & Ankle Market(1) Market Sub-segments(1) Estimated 2023 Global Market(2) CAGR: 7.1% Source: iData Research and Company estimates. Source: Company filings, SmartTrak, and management estimates. Fast Growing Market with Several Key Differentiators Paragon 28 M
Slide 8: Continued Strong Product Launch Cadence & Pipeline
Continued Strong Product Launch Cadence & Pipeline Six Full Product Launches and One Limited Market Release in 2024 YTD(1) Robust Pipeline 25+ Active Projects in Development Balanced Across Portfolio 5-10 Annual Launches Expected In Next Three Years 1st Smart28 Module Planned for Mid-2024(3) January