Paragon 28, Inc.

FNA

FNAParagon 28, Inc. US flag

New York Stock Exchange

13.09

USD

- -

1.10BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	106	111	147	181	216	256
+ Sales & Services Revenue	106	111	147	181	216	256
- Cost of Revenue	19	25	28	32	52	65
+ Cost of Goods & Services	19	25	28	32	52	65
Gross Profit	87	86	119	149	164	191
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	85	84	130	184	210	232
+ Selling, General & Admin	74	73	114	159	180	205
+ Research & Development	10	11	16	25	30	27
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	3	2	-11	-35	-46	-41
- Non-Operating (Income) Loss	1	-3	2	31	12	13
+ Interest Expense, Net	1	1	2	4	5	12
+ Interest Expense	1	1	2	4	5	12
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-4	- -	27	6	1
Pretax Income	2	5	-13	-66	-57	-53
- Income Tax Expense (Benefit)	-1	2	1	- -	- -	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	3	3	-14	-66	-58	-55
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	3	3	-14	-66	-58	-55
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	3	3	-14	-66	-58	-55
- Preferred Dividends	- -	1	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	3	3	-14	-66	-58	-55
EBIT	3	2	-11	-35	-46	-41
EBITDA	7	8	-2	-21	-30	-22
EBITDA Margin (%)	6.51	7.62	-1.23	-11.57	-13.92	-8.68
EBITA	3	2	-11	-35	-46	-41
Gross Margin (%)	82.28	77.38	81	82.29	75.99	74.75
Operating Margin (%)	2.56	1.87	-7.31	-19.13	-21.1	-15.92
Profit Margin (%)	2.93	3.15	-9.29	-36.19	-26.59	-21.33
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	6	9	14	16	19
Basic Weighted Avg Shares	67	67	76	78	82	- -
Basic EPS, GAAP	0.05	0.04	-0.18	-0.84	-0.7	- -
Basic EPS from Cont Ops	0.05	0.05	-0.18	-0.84	-0.7	- -
Diluted Weighted Avg Shares	67	67	76	78	82	- -
Diluted EPS, GAAP	0.05	0.04	-0.18	-0.84	-0.7	- -
Diluted EPS from Cont Ops	0.05	0.05	-0.18	-0.84	-0.7	- -

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	51	72	180	143	208	169
+ Cash, Cash Equivalents & STI	3	18	109	38	76	35
+ Cash & Cash Equivalents	3	18	109	38	76	35
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	22	21	27	38	38	40
+ Accounts Receivable, Net	21	20	26	38	37	39
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	1	1	1	1	1
+ Inventories	25	32	40	61	90	90
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	25	32	40	61	90	90
+ Other ST Assets	2	1	3	5	4	4
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	24	26	55	113	125	122
+ Property, Plant & Equip, Net	20	22	32	62	74	71
+ Property, Plant & Equip	36	44	59	94	118	130
- Accumulated Depreciation	16	22	27	32	44	59
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4	3	23	51	51	50
+ Total Intangible Assets	2	3	23	48	47	46
+ Goodwill	- -	- -	6	25	25	25
+ Other Intangible Assets	2	3	17	22	22	20
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	- -	- -	3	4	5
Total Assets	75	98	235	256	333	291
+ Payables & Accruals	23	16	27	55	40	37
+ Accounts Payable	15	9	13	15	22	16
+ Accrued Taxes	1	1	1	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	7	7	14	40	18	21
+ ST Debt	20	2	- -	1	1	1
+ ST Borrowings	20	2	- -	1	1	1
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	4	4	6	12	11	11
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	4	4	6	12	11	11
Total Current Liabilities	47	22	34	69	51	48
+ LT Debt	- -	4	7	42	110	110
+ LT Borrowings	- -	4	7	42	110	110
+ LT Finance Leases	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	1	2	2	2
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1	2	2	2
Total Noncurrent Liabilities	- -	4	8	45	112	112
Total Liabilities	47	26	42	113	163	160
+ Preferred Equity and Hybrid Capital	4	41	- -	- -	- -	- -
+ Share Capital & APIC	17	23	199	215	299	316
+ Common Stock	- -	- -	1	1	1	1
+ Additional Paid in Capital	17	22	198	214	298	315
- Treasury Stock	4	5	6	6	6	6
+ Retained Earnings	10	12	- -	-66	-124	-178
+ Other Equity	- -	1	- -	- -	- -	-1
Equity Before Minority Interest	27	71	192	143	170	131
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	27	71	192	143	170	131
Total Liabilities & Equity	75	98	235	256	333	291
Shares Outstanding	75	75	76	78	83	84
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -
Net Debt	18	-11	-102	4	35	76
Net Debt to Equity	64.55	-15.72	-52.93	3.11	20.5	58.28
Tangible Common Equity Ratio	28.66	28.72	80	45.57	42.93	34.61
Current Ratio	1.08	3.25	5.29	2.08	4.06	3.51
Cash Conversion Cycle	- -	347.18	418.15	544.94	512.02	456.08

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	3	3	-14	-66	-58	-55
+ Depreciation & Amortization	4	6	9	14	16	19
+ Non-Cash Items	3	12	10	12	20	24
+ Stock-Based Compensation	2	2	5	10	12	13
+ Deferred Income Taxes	-1	1	- -	-1	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	9	5	2	8	11
+ Chg in Non-Cash Work Cap	2	-21	-9	-9	-42	-15
+ (Inc) Dec in Accts Receiv	-5	- -	-6	-12	- -	-3
+ (Inc) Dec in Inventories	-4	-15	-11	-22	-33	-11
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	12	-7	11	26	-9	-1
+ Inc (Dec) in Other	-1	1	-2	-1	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	12	1	-3	-49	-64	-27
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	1	1	1	1	1	1
+ Disp of Fixed Prod Assets	1	1	1	1	1	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-18	-11	-21	-43	-28	-17
+ Acq of Fixed Prod Assets	-17	-10	-18	-41	-27	-16
+ Acq of Intangible Assets	-1	-1	-3	-2	-1	-1
+ Cash (Repurchase) of Equity	-4	36	130	- -	68	- -
+ Increase in Capital Stock	- -	38	130	- -	68	- -
+ Decrease in Capital Stock	-4	-2	-1	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-15	-19	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-15	-19	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-17	-10	-35	-61	-27	-16
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	10	-14	4	35	69	-1
+ Cash From Debt	13	- -	10	36	100	- -
+ Repayments of Debt	-2	-15	-6	-1	-31	-1
+ Other Financing Activities	- -	2	-3	4	-9	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	7	24	131	39	129	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	-1	1
Net Changes in Cash	1	15	92	-70	38	-43
EBITDA	7	8	-2	-21	-30	-22
EBITDA Margin (%)	6.51	7.62	-1.23	-11.57	-13.92	-8.68
Free Cash Flow	-6	-10	-25	-92	-92	-44
Net Cash Paid for Acquisitions	- -	- -	15	19	- -	- -
Free Cash Flow to Firm	- -	-9	- -	- -	- -	- -
Free Cash Flow to Equity	- -	14	-58	-54	-20	-42
Free Cash Flow per Basic Share	-0.09	-0.14	-0.32	-1.19	-1.12	- -
Price/Free Cash Flow	- -	- -	75.25	-243.84	-28.45	- -
Cash Flow to Net Income	3.95	0.32	0.24	0.75	1.11	0.5
Capital Expenditures	-18	-11	-21	-43	-28	-17