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Paragon 28 Inc - FNA STOCK NEWS

Welcome to our dedicated news page for Paragon 28 (Ticker: FNA), a resource for investors and traders seeking the latest updates and insights on Paragon 28.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Paragon 28's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Paragon 28's position in the market.

Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) introduces the Grappler® R3INFORCE™ Extraosseous Repair System for ankle ligament stability. The system offers dynamic anchors for better tissue replication, compatibility with existing products, and sterile packed configurations. CEO Albert DaCosta highlights the importance of syndesmotic stabilization, aiming to enhance patient recoveries. Surgeon Designer Mark Davies praises the system's innovation and anatomical reconstruction capabilities. The new system expands Paragon 28's soft tissue solutions, providing a comprehensive portfolio for foot and ankle injuries.
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) reported strong financial results for Q4 and FY 2023 with net revenue growth of 17.6% and 19.3% respectively. The company's U.S. net revenue saw a 14.1% increase in Q4 and a 16.1% increase for the full year. International net revenue grew by 43.1% in Q4 and 41.3% for the full year. However, gross profit margin decreased due to inventory write-downs. Research and development expenses and selling, general, and administrative expenses increased by 10.5% and 14.2% respectively. The net loss improved significantly in Q4 and FY 2023. Adjusted EBITDA was negatively impacted but showed improvement. The company provided a 2024 Net Revenue guidance of $249 million to $259 million, anticipating further growth.
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-5.77%
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) will have its Chairman and CEO, Albert DaCosta, and CFO, Steve Deitsch, participate in a fireside chat at the CG 2024 Musculoskeletal Conference. The event will take place on February 12, 2024, at 1:00 p.m. PT / 2:00 p.m. MT. A live webcast and archived recording will be accessible on the company's investor relations website.
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0.62%
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conferences
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Paragon 28, Inc. (NYSE: FNA) will report financial results for Q4 and full year 2023 on February 29, 2024, with a corresponding conference call. Investors can listen to the call via webcast or phone, with the webcast available for replay on the company's website for at least 90 days.
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0.52%
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) has launched the PRECISION® MIS Bunion System, a minimally invasive surgical technique for distal metatarsal osteotomy. The system features an outrigger for controlled correction, instrumentation for free-hand technique, and cannulated chamfer screws for fixation. Surgeon designer David Gordon, MD, praised the system's three-dimensional correction and high functionality. Paragon 28's CEO, Albert DaCosta, highlighted the system's ability to treat a broader array of patients with Hallux Valgus, bringing benefits of minimally invasive surgery to patients and surgeons. The system will be debuted at the American College of Foot and Ankle Surgeons (ACFAS) Annual Meeting and will be showcased alongside other recent and upcoming product launches.
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6.39%
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Paragon 28, Inc. (NYSE: FNA) has introduced the FJ2000™ Power Console and Burr System for foot and ankle surgery, designed to modernize procedures with its versatile and efficient features. The system offers pre-set options for reducing thermal necrosis, single-use hand pieces, and a variety of burrs and instruments in a sterile packed kit. The CEO highlighted the benefits of the system in terms of cost, efficiency, surgeon optionality, and patient outcomes, while a renowned surgeon praised its efficiency and flexibility. The new system complements Paragon 28's existing bunion and forefoot solutions portfolio.
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1.28%
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Paragon 28, Inc. (NYSE: FNA) has announced the launch of the Mister Tendon™ System, designed to allow surgeons to perform a distal cut of the flexor hallucis longus or flexor digitorum longus tendon through a minimally invasive incision. The system aims to improve healing and recovery time in flatfoot reconstruction. The press release also features comments from the CEO and surgeon designer, highlighting the company's commitment to addressing unmet needs of foot and ankle surgeons.
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0.16%
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) has announced the limited market release of its Bun-Yo-Matic™ Lapidus Clamp System and the completion of the first surgical cases in Orange County, California and Seattle, Washington. The Bun-Yo-Matic™ is a unique bunion solution designed to simulate weight-bearing intraoperatively and allow for compression prior to hardware application, providing surgeons with a more reproducible and efficient means to restore three-dimensional alignment of the foot. The Clamp remains fixed to the anatomy throughout the entire procedure, ensuring surgeon-guided correction and anatomic alignment. Paragon 28's CEO, Albert DaCosta, expects the product to drive significant growth for the company, bringing more reproducibility, streamlined procedural workflow, improved accuracy, and ultimately improved patient outcomes in technically demanding Lapidus arthrodesis cases. The Bun-Yo-Matic™ Lapidus Clamp System complements Paragon 28's existing implants and implant systems designed to treat bunions, providing customers with a comprehensive portfolio to address their bunion and forefoot needs.
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1.11%
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) announced preliminary unaudited net revenue for the fourth quarter and full year ended December 31, 2023. The fourth quarter is expected to be in the range of $60.3 to $60.6 million, with a reported growth of approximately 17% to 18% compared to the same period in 2022. The full year net revenue is expected to be in the range of $216.1 to $216.4 million, representing reported and constant currency growth of approximately 19% and 20%, respectively, compared to 2022. The financial results are preliminary and subject to finalization.
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-11.62%
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Rhea-AI Summary
Paragon 28, Inc. (NYSE: FNA) has announced the launch of the Grappler® Knotless Anchor System and Bridgeline™ Tape, aimed at enhancing the company's position in the fast-growing foot and ankle specific soft tissue market in 2024 and beyond.
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10.85%
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Paragon 28 Inc

NYSE:FNA

FNA Rankings

FNA Stock Data

1.02B
39.31M
40.36%
49.68%
2.25%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
US
Englewood

About FNA

paragon 28 was established in 2010 as an orthopedic foot and ankle company. the name “paragon 28” was chosen to show that we are exclusively a foot and ankle company, with the “28” representing the number of bones in the foot. we will remain true to that vision. paragon 28 was started as a small, family-based company and we have kept those core ideals as we have grown. our mission is to strategically build a company around the core principles that drive innovation and quality. relentlessly working to advance the science behind foot and ankle surgery, paragon 28 is passionate about and committed to: - creation and innovation: blending different surgical philosophies from various global thought leaders to develop bio-mechanically and clinically relevant surgical solutions. - a focus on service: a customer service based, dedicated, and highly trained distribution network to the foot and ankle market. - efficient practices: meeting the needs of increasing pricing pressures and reimbursemen