Earnings ·
Reports Q3 revenue of $72.0M, up 33.9%, and raises full-year guidance to over $274M
ESTAEstablishment Labs Holdings Inc.
Establishment Labs Holdings reported third-quarter revenue of $72.0 million, a 33.9% increase from the prior year period, driven by 119% U.S. growth. The company achieved its first quarter of positive operating and free cash flow, with adjusted EBITDA rising to $6.4 million. Management raised full-year revenue guidance to more than $274 million, up from the previous range of $269 million to $271 million, while maintaining expectations for positive adjusted EBITDA for the fiscal year. The company operates in the medical device industry, specializing in breast aesthetics and reconstruction solutions.