Paragon 28, Inc. (NYSE:FNA) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET

Company Participants

Matthew Brinckman - Senior Vice President, Strategy and IR

Albert DaCosta - Chairman and CEO

Steve Deitsch - Chief Financial Officer

Conference Call Participants

Matthew O'Brien - Piper Sandler

Craig Bijou - Bank of America

Caitlin Cronin - Canaccord

George Sellers - Stephens, Inc.

Brandon Vazquez - William Blair

Mike Matson - Needham

Dave Turkaly - JMP Securities

Operator

Good afternoon. And welcome to Paragon 28’s Third Quarter 2023 Earnings Conference Call. Currently, participants are in listen-only mode. We will be facilitating a question-and-answer session at the end of today’s call. As a reminder, this call is being recorded for replay purposes.

And I would now like to hand the conference over to your host today, Mr. Matthew Brinckman, Senior Vice President of Strategy and Investor Relations. Mr. Brinckman, please go ahead.

Matthew Brinckman

Good afternoon. And thank you for joining Paragon 28’s third quarter 2023 financial results and earnings call. Presenting on today’s call are Albert DaCosta, Chairman and Chief Executive Officer; and Steve Deitsch, Chief Financial Officer.

Before we begin, I would like to remind you that management will make statements during this call that include forward-looking statements within the meaning of federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements include statements made as to the company’s or management’s intentions, hopes, beliefs, expectations or predictions of future events, results or performance. These forward-looking statements are subject to a number of risks, uncertainties, estimates and assumptions that may cause actual results to differ materially from those forward-looking statements.

All forward-looking statements are based upon current available information and Paragon 28 assumes no obligation, except as required by law to update these statements. Additional information concerning certain risks and uncertainties that may impact these forward-looking statements is contained from time-to-time in the company’s SEC filings and in the press release that was issued earlier today.

During this presentation, we will refer to the non-GAAP financial measures of adjusted EBITDA and constant currency net revenue growth. A reconciliation to the most comparable GAAP financial measure, net income and reported net revenue growth is contained in our press release issued earlier today.

And with that, I will now turn the call over to Albert.

Albert DaCosta

Thanks, Matt. Good afternoon. And thank you for joining us for our third quarter 2023 earnings call. I will start things off with a review of our recent performance, followed by highlights from the quarter. Then I will pass it over to Steve to provide further details on our financial results, an overview of our new and improved credit facility, which we also announced today and an update on our 2023 financial guidance.