Establishment Labs Reports Fourth Quarter and Full Year 2020 Financial Results; Record Fourth Quarter Revenue of $27.0 Million

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Go back to Establishment Labs Reports Fourth Quarter and Full Year 2020 Financial Results; Record Fourth Quarter Revenue of $27.0 Million

Establishment Labs Holdings (ESTA) Reports In-Line Q4 EPS, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus

March 10, 2021 8:10 AM EST

Establishment Labs Holdings (NASDAQ: ESTA) reported Q4 EPS of $. Revenue for the quarter came in at $27 million versus the consensus estimate of $25.27 million.

Fourth Quarter Highlights and Outlook

Fourth quarter worldwide sales of $27.0 million, an increase of 11% year-over-year and a new quarterly record; consistent with preannouncement on January 11, 20212021 guidance of $110 million to $112 million, an increase of 30% to 32% over 2020Fourth quarter operating expenses of $22.7 million, an increase of 9% compared to the fourth quarter of 2019Strong cash balance of $84.5 million as of December 31, 2020Updated 10-year Motiva post-market surveillance data on... More