Paragon 28 (FNA)

Company Profile

Paragon 28®, Inc. was established in 2010 to address the unmet and under-served needs of the foot and ankle community. From the onset, Paragon 28® has made it its goal to re-invent the space of foot and ankle surgery. The companies believes that through research and innovation Paragon can create new and improved solutions to the challenges faced by foot and ankle specialists.

Company profile

Ticker

FNA

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Manufacturing > Surgical and Medical Instrument Manufacturing

Industry (SIC)

Surgical & Medical Instruments & Apparatus

3M • Baxter International • Boston Scientific • Stryker • Becton, Dickinson And • Teleflex • Resmed • Haemonetics • Hill-Rom • Nuvasive ...

SEC CIK

0001531978

Corporate docs

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

273170186

FNA stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

Prospectus supplement for primary offering

27 Jan 23

424B5

Prospectus supplement for primary offering

25 Jan 23

8-K

Results of Operations and Financial Condition

25 Jan 23

8-K

Paragon 28 Announces Preliminary Unaudited Revenue for Fourth Quarter and Full-Year 2022

10 Jan 23

8-K

Entry into a Material Definitive Agreement

10 Nov 22

Paragon 28 Reports Third Quarter 2022 Financial Results and Increases 2022 Net Revenue Guidance

10 Nov 22

EFFECT

Notice of effectiveness

8 Nov 22

CORRESP

Correspondence with SEC

3 Nov 22

Transcripts

FNA

Earnings call transcript

2022 Q2

6 Aug 22

FNA

Earnings call transcript

2022 Q1

10 May 22

FNA

Earnings call transcript

2021 Q4

9 Mar 22

Latest ownership filings

View all

Change in insider ownership

21 Dec 22

Change in insider ownership

15 Dec 22

Change in insider ownership

12 Dec 22

Albert DaCosta

2 Dec 22

Change in insider ownership

2 Dec 22

Financial summary

Financial statements Chart FNA financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	56.33 mm	56.33 mm	56.33 mm	56.33 mm	56.33 mm	56.33 mm
Cash burn (monthly)	5.56 mm	(no burn)	3.17 mm	2.85 mm	(no burn)	888.17 k
Cash used (since last report)	23.47 mm	n/a	13.40 mm	12.02 mm	n/a	3.75 mm
Cash remaining	32.86 mm	n/a	42.92 mm	44.31 mm	n/a	52.58 mm
Runway (months of cash)	5.9	n/a	13.5	15.6	n/a	59.2

Beta Read what these cash burn values mean

Financial data from Paragon 28 earnings reports.

Institutional ownership, Q3 2022

FNA institutional ownership history Ownership history

68.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	79	68	+16.2%
Opened positions	18	20	-10.0%
Closed positions	7	10	-30.0%
Increased positions	29	31	-6.5%
Reduced positions	19	13	+46.2%

13F shares	Current	Prev Q	Change
Total value	964.34 mm	1.35 bn	-28.8%
Total shares	52.91 mm	52.61 mm	+0.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Bird B.	15.55 mm	$275.10 mm	0.0%
MVM Partners	14.41 mm	$281.37 mm	0.0%
Rosenthal Investment	7.21 mm	$127.62 mm	0.0%
BLK Blackrock	2.54 mm	$45.29 mm	+10.1%
Wasatch Advisors	1.71 mm	$30.41 mm	-6.4%
Vanguard	1.39 mm	$24.69 mm	+21.1%
First Light Asset Management	1.24 mm	$22.06 mm	+0.0%
BAC Bank Of America	1.10 mm	$19.52 mm	-8.9%
ArrowMark Colorado	819.03 k	$14.60 mm	-8.3%
Skandinaviska Enskilda Banken AB	780.57 k	$13.91 mm	+19.9%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-886.10 k	EXIT
Millennium Management	764.98 k	+391.20 k	+104.7%
Vanguard	1.39 mm	+241.32 k	+21.1%
BLK Blackrock	2.54 mm	+232.71 k	+10.1%
Geode Capital Management	587.77 k	+163.69 k	+38.6%
Skandinaviska Enskilda Banken AB	780.57 k	+129.66 k	+19.9%
Wasatch Advisors	1.71 mm	-117.04 k	-6.4%
Russell Investments	264.23 k	+110.34 k	+71.7%
BAC Bank Of America	1.10 mm	-107.26 k	-8.9%
Charles Schwab Investment Management	231.08 k	+91.82 k	+65.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FNA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Jan 23	Albert DaCosta	Common Stock	Sell	Dispose S	Yes	No	0	500,000	0.00	100,000
30 Jan 23	Albert DaCosta	Common Stock	Sell	Dispose S	No	No	17	500,000	8.50 mm	479,136
17 Jan 23	Albert DaCosta	Common Stock	Other	Dispose J	Yes	No	0	1,200,000	0.00	5,280,610
23 Dec 22	Matthew Jarboe	Common Stock	Sell	Dispose S	No	Yes	20.9253	35,110	734.69 k	271,764
23 Dec 22	Matthew Jarboe	Common Stock	Option exercise	Acquire M	No	No	1.2	35,110	42.13 k	306,874
23 Dec 22	Matthew Jarboe	Stock Option Common Stock	Option exercise	Dispose M	No	No	1.2	35,110	42.13 k	25,000
21 Dec 22	Matthew Jarboe	Common Stock	Sell	Dispose S	No	Yes	20.9132	24,913	521.01 k	271,764
21 Dec 22	Matthew Jarboe	Common Stock	Option exercise	Acquire M	No	No	1.2	14,890	17.87 k	296,677
21 Dec 22	Matthew Jarboe	Common Stock	Option exercise	Acquire M	No	No	0.6	10,023	6.01 k	281,787
21 Dec 22	Matthew Jarboe	Stock Option Common Stock	Option exercise	Dispose M	No	No	1.2	14,890	17.87 k	60,110