NASDAQ$ESTA

Establishment Labs Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Establishment Labs reported record fourth quarter financial results and submitted Module Four to U.S. FDA for Premarket Approval of Motiva.

Establishment Labs reported a record fourth quarter with worldwide sales of $43.8 million, a 24.1% increase year-over-year. The company submitted the fourth and final module to the U.S. FDA for premarket approval of Motiva Implants and provided 2023 revenue guidance of $200 million to $210 million.

  • Submitted fourth and final module to U.S. FDA for premarket approval of Motiva Implants®.
  • 2023 guidance of $200 million to $210 million, an increase of 24% to 30% over 2022.
  • Fourth quarter worldwide sales of $43.8 million, a 24.1% year-over-year increase and a new quarterly record.
  • Cash balance of $66.4 million as of December 31, 2022.

Headline financials

Total Revenue

$43.8M

Previous: $35.3M+24.1%
EPS (adj)

-$0.55

Previous: -$0.59+6.8%
Capital Expenditures

$966K

Previous: -$242K+499.2%
Free Cash Flow

-$15M

Previous: -$7.47M-100.6%
Net Income

-$13.6M

Previous: -$9.4M-44.3%
Operating Income

-$13.2M

Previous: -$25.1M+47.7%
Gross Profit

$28.2M

Previous: $24.2M+16.4%
Cash & Equivalents

$66.4M

Previous: $53.4M+24.3%
Total Assets

$211M

Previous: $140M+51.3%
Stock-Based Comp

$3.26M

Previous: $3.03M+7.6%

Revenue & EPS history

Establishment Labs · Revenue · Quarterly

$43.8M

Q4 2022+24.1%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Establishment Labs projects a groundbreaking year in 2023, aiming for $500 million by 2026, with revenue guidance of $200 million to $210 million.

Tailwinds

  • Commercial sales of Mia Femtech are progressing.
  • Approval in China is expected in the first half of 2023, gaining entry into the second largest global market.
  • Module four of modular PMA submitted to the U.S. FDA, bringing closer to approval of Motiva in the United States.
  • New Sulàyöm campus will undergo validation and begin manufacturing this year, bringing significant new capabilities in R&D, medical education, and media.
  • Defining what a women’s health company can do to raise the standards in breast aesthetics and reconstruction.

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 Q4 2022

Historical avgQ4 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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