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Establishment Labs reports Q1 EPS (58c), consensus (67c)

Reports Q1 revenue $37.2M, consensus $36M. “We are off to a strong start in 2024. Market demand is stabilizing, and we expect to see continued improvement over the course of the year. We have taken meaningful steps to reduce our expense base and our adjusted EBITDA improved significantly to a loss of less than $4 million,” said Juan Jose Chacon-Quiros, Chief Executive Officer. “Over the past several months, we launched Motiva implants in China as well as our Flora tissue expander in the United States. The number of clinics offering Mia around the world is growing and we are seeing strong evidence that Mia is opening an entirely new and market expanding category in breast aesthetics.”

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