NASDAQ$ESTA

Establishment Labs Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record first quarter financial results.

Establishment Labs reported a strong first quarter with worldwide sales reaching $38.5 million, a 26.8% increase year-over-year. The company is maintaining its 2022 revenue guidance of $155 million to $165 million.

  • Worldwide sales of $38.5 million, an increase of 26.8% year-over-year and a new quarterly record.
  • Gross profit for the first quarter was 64.8% of revenue.
  • Cash balance of $44.7 million as of March 31, 2022; entered into $225 million credit facility with Oaktree Capital on April 26, 2022.
  • Modular PMA submission for U.S. FDA approval progressing with second module submitted to the FDA

Headline financials

Total Revenue

$38.5M

Previous: $30.3M+26.8%
EPS (adj)

-$0.24

Previous: -$0.29+17.2%
Capital Expenditures

-$798K

Previous: -$804K+0.7%
Free Cash Flow

-$6.73M

Previous: -$7.75M+13.2%
Net Income

-$5.93M

Previous: -$6.95M+14.6%
Operating Income

-$5.58M

Previous: -$2.1M-166.0%
Gross Profit

$24.9M

Previous: $20.1M+24.1%
Cash & Equivalents

$44.7M

Previous: $78M-42.7%
Total Assets

$142M

Previous: $152M-7.1%
Stock-Based Comp

$3.43M

Previous: $1.76M+95.6%

Revenue & EPS history

Establishment Labs · Revenue · Quarterly

$38.5M

Q1 2022+26.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company is maintaining its 2022 revenue guidance of $155 million to $165 million, which is an annual growth rate of 22% to 30%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.4%

Avg return

30 days after

56%

18 / 32 earnings

Positive

+22.5%

Q3 2025

Best reaction

-26.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-4.3%+2.9%
Q4 2025-1.9%+5.0%-20.1%
Q3 2025+22.5%+37.0%+43.2%
Q1 2025+4.9%+5.1%+14.2%
Q4 2024+17.9%+28.1%+12.1%
Q3 2024-5.2%-13.2%-10.0%
Q2 2024+3.4%+20.6%+23.5%
Q1 2024+5.4%+4.2%-10.8%
Q4 2023+15.1%+19.6%+28.2%
Q3 2023-26.0%-36.1%-31.7%
Q2 2023-8.4%-12.0%-12.2%
Q1 2023+1.8%-1.6%-1.9%
Q4 2022+7.2%+10.3%+0.3%
Q3 2022-7.7%+11.1%+27.1%
Q2 2022-3.0%+1.3%-0.4%
Q1 2022-10.5%-10.1%+2.3%
Q4 2021+3.3%+1.6%+11.5%
Q3 2021-10.6%-14.3%-15.2%
Q2 2021+6.0%-3.7%-3.1%
Q1 2021-0.6%-1.8%+8.9%
Q4 2020+0.4%-6.8%+9.5%
Q3 2020+8.9%-0.4%+22.6%
Q2 2020+6.2%+7.3%+9.3%
Q1 2020+2.9%+0.5%+15.3%
Q4 2019+4.5%-16.4%+0.4%
Q3 2019-0.3%+0.5%+7.8%
Q2 2019-5.2%-10.6%-10.2%
Q1 2019+1.5%-0.3%-15.9%
Q4 2018-1.9%-4.9%-15.2%
Q3 2017+10.3%+4.5%-6.2%
Q3 2018+10.3%+4.5%-6.2%
Q2 2018-2.7%-2.9%-3.4%
Q4 2017
Q2 2017
Q1 2017

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