Market News AIOpen the app

Establishment Labs Hldgs shared its second-quarter results, showing a $67.5 million revenue jump of 31.7%.

ResultsRead the original at Benzinga
Good for ESTA

Establishment Labs reported 31.7% sales growth and 140.9% U.S. sales growth, and raised its full-year sales forecast. Overseas sales grew 4.4%, and the company expects its usually softest quarter next, but U.S. growth and positive cash flow support a favorable read.

ESTA · Establishment Labs Hldgs

AI read · Good for ESTA

The AI's read

More U.S. sales and a larger share of sales left after production costs suggest growth is improving results. Cash rose, and management said current funds can support its plans without another share sale. Overseas sales rose only 4.4%, and management expects Q3 to be the industry's softest quarter. These temper the result, but strong U.S. growth and positive cash flow support the more favorable reading.

Get alerts for ESTA

Follow Establishment Labs Hldgs (ESTA) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for ESTA
Free on the App Store and Google Play, or on the web.