Paragon 28, Inc. designs, develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems. The company also provides precision guide technology for various procedures consisting of fusion, a procedure to address bunion deformities that fuses two bones on the big toe; first tarsometatarsal arthrodesis; and metatarsal osteotomy for bunion correction, medial column beaming for charcot foot reconstruction, ankle fusion plating, and NC joint arthrodesis. In addition, it offers monster, mini monster, and joust beaming screw systems for use in bone reconstruction, osteotomy, arthrodesis, joint fusion, ligament fixation, fracture repair, and fracture fixation; and APEX 3D total ankle replacement systems; total talus spacers to replace the talus and bone in the ankle that connects the leg and foot. Further, the company provides bunion or hallux valgus correction systems, including nail systems phantom intramedullary nail systems for the treatment of severe hallux valgus; and various orthobiologics comprising bone wedges, grafts, demineralized bone matrices, bone void fillers, synthetic materials, amniotic products, and a biocompatible collagen matrix, as well as PRESERVE bone graft systems for homologous application. Additionally, it offers soft tissue fixation systems, titanium sprayed polyetheretherketone implants, nitinol staple systems, stabilization systems, and curved instruments. The company serves hospitals and ambulatory surgery centers through a network of sales representatives and stocking distributors. Paragon 28, Inc. was founded in 2010 and is headquartered in Englewood, Colorado.

Paragon 28, Inc.

Paragon 28 Medical Education

Paragon 28 was established in 2010 as an orthopedic foot and ankle company. The name “Paragon 28” was chosen to show that we are exclusively a foot and ankle company, with the “28” representing the number of bones in the foot. We will remain true to that vision. Paragon 28 was started as a small, family-based company and we have kept those core ideals as we have grown.

Our mission is to strategically build a company around the core principles that drive innovation and quality. Relentlessly working to advance the science behind foot and ankle surgery, Paragon 28 is passionate about and committed to:

       - Creation and Innovation: Blending different surgical philosophies from various global thought leaders to develop bio-mechanically and clinically relevant surgical solutions.
       - A Focus on Service: A customer service based, dedicated, and highly trained distribution network to the foot and ankle market.
       - Efficient Practices: Meeting the needs of increasing pricing pressures and reimbursement while continuing to develop cutting-edge surgical implants.
      - Practical and Comprehensive Solutions: Creating complete surgeon-centric systems, specialty instruments, and next generation implants to solve real world issues faced by foot and ankle surgeons.
      - Research Motivated: Improving clinical outcomes through meaningful and unbiased research. We are ready to embrace research data regardless of marketing impact.

Motivation, competition and the desire to learn are unique characteristics that are incredibly valuable to our success. Paragon 28’s work environment is modern and exciting. We are seeking experienced and energetic individuals to join our team in areas of Quality, Engineering, Marketing, Sales, Administration and Accounting.

Piper Jaffray Merchant Banking

MVM Life Science Partners

Paragon 28

Paragon 28 partnered with the The Salvation Army and helped support 102 children this holiday season in the Denver metropolitan area!

Thank you to our amazing employees who contributed to this gift giving. We had two pallets full of presents! Imagine all the smiles on the kids’ faces! Grateful to support those in the communities we live in.

#paragon28 #P28 #FNA #salvationarmy #giftgiving #givingtree #happyholidays #community

Paragon 28 was honored to hold its 4th Annual Podiatric Foot and Ankle Fellows Course at our global headquarters in Denver, Colorado last month!

The weekend was a medical education DPM Fellows-only course focused on forefoot, midfoot, and rearfoot technologies and surgical solutions.

A huge thank you to our incredible faculty which included Tom Chang, DPM (course co-chair), Mark Myerson, MD (course co-chair), Douglas Blacklidge, DPM, Byron Hutchinson, DPM, Mark A Prissel, DPM, and Patrick DeHeer, DPM for helping us put together such a valuable course and to all the surgeon attendees from across the US.

Together the faculty team has constructed an outstanding program focused on current topics in foot and ankle reconstruction and trauma.

Visit p28meded.com to learn about upcoming education opportunities!

#dedicatedtofootandankle #researchdriven #solutionfocused #medicaleducation #meded #innovativemedical #medicaldevices #medicaltechnology #podiatry #podiatricsurgeon #podiatricsurgery #podiatricfellow

A Balanced Approach to the Lapidus - PATENTED Precision® Guide Gorilla® Lapidus Plating System!

Paragon 28 developed and patented its Precision® Guide technology to allow surgeons a streamlined and reproducible method of balancing their plating construct with an interfragmentary screw. The PATENTED Precision® Guide when used in conjunction with the Gorilla® Lapidus Plate provides for accurate placement of a homerun screw across the joint while avoiding plate hardware.

This guide positions the interfragmentary screw in a predictable location closing down the tension side of the joint (screw is positioned as far from plate as possible and centered through the joint).

Multiple trajectories are provided with each guide to accommodate variations in patient anatomy and the size of the bone.

The guide limits the opportunity for the crossing wire to skive and achieves a true center position through the joint no matter the starting point.

Learn more about this PATENTED Lapidus Plating System - https://lnkd.in/einBPYtq

#paragon28 #P28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #lapidus #lowprofile #precisionguided #HAV

"Many implants are re-iterations of existing products, however the Phantom® Metatarsal Shortening System is truly unique, innovative, and quite novel. The ability to precisely and accurately shorten the metatarsal with simple and rigid fixation will be a tremendous addition to the management of various forefoot pathologies." - Mark Myerson, MD

Learn more about this novel technology designed for shortening of the lesser metatarsals - https://lnkd.in/esBJBAxc

#paragon28 #P28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #phantom #metshortening #osteotomy #lessermets #cutguide #intramedullary

Dr. Myerson is a paid consultant for Paragon 28

INDEPENDENTLY TENSION in MULTIPLE PLANES

The Paratrooper™ Plantar Plate System implant features two connected all-suture anchors providing for independent tensioning to assist in valgus and varus correction. 

The implant provides for self-retention of suture prior to knotting, allowing for partial tensioning of one side of the implant, and then the other to achieve precise correction. 

Tension may be reapproximated throughout the procedure prior to knotting. 

The implant is designed for maximum control to place the toe in a desired position.

Learn more about the revolutionary Paratrooper™ Plantar Plate System today! https://lnkd.in/g49uQ-Y7

#paragon28 #P28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #paratrooper #plantarplate #plantarplaterepair #medicaldevices

HammerTube™ Hammertoe System – Next Level FORM, FIT, FUNCTION

Designed to meet the complex requirements to achieve fusion of the PIPJ:

• Non-catastrophic Failure - PEEK material is biocompatible and closely matches the mechanical properties of bone
• Fixation and Maintained Compression on Either Side of Joint - Spray thickness used is optimized to be coarse and aid in stick fit
• Simplified Removal - Titanium plasma spray is absent at the joint to facilitate removal
• Cannulated - Accommodates a K-Wire to provide stabilization at the MPJ

Learn more about this novel system today! https://lnkd.in/gdWZb-nM

#paragon28 #P28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #forefoot #forefrontofforefoot #hammertoe #PEEK #titaniumcoated #dontsettleformetal

The P28 Mobile Lab motored through the Mid-Atlantic this past week with stops in Maryland, Pennsylvania and Virginia!

Be on the lookout for the mobile lab coming to a city near you. Contact your local Paragon 28 rep to schedule training! https://lnkd.in/gdXb7_cx

#paragon28 #p28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #mobilemondays #mobilelab #medicalinnovation #maryland #pennsylvania #virginia

Each of the plates in the Gorilla® Lisfranc Plating System are contoured to match the convexity of the Lisfranc joint.

Dual ray plates are available for either the 1st and 2nd metatarsals, or the 2nd and 3rd metatarsals | Single ray options include a Slanted T-Plate, a Slanted Straight Plate and a Clover Plate | Each of these plates have several individual size options to fit different sized patients

Learn more about how the Gorilla® Lisfranc/TMT Plating System can impact your practice - https://lnkd.in/e3vU8t4N

#paragon28 #p28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #lisfranc #tmt #trauma

Jones Fractures are understood to be technically challenging procedures which often require a surgeon to attempt multiple passes of the K-wire into the metatarsal to achieve the desired trajectory. The soft tissue presence as well as the lateral malleolus make positioning of the K-wire very difficult.

Straight guides pushed against the side of the foot have a tendency to slip and point the K-wire medially positioning it into the 3rd or 4th metatarsal.

The patent pending PRECISION® Jones Curved K-wire Guide positions a nitinol K-wire into the center of the intramedullary canal, simplifying placement which may reduce intraoperative fluoroscopy time.

The PRECISION® Jones Curved K-Wire guide allows the surgeon to assess the position of the wire in both an AP and Lateral view prior to drilling which limits the chance of malpositioning of the K-wire. The PRECISION® Jones Curved K-wire Guide aligns with the proximal tuberosity of the 5th metatarsal while avoiding impingement of the lateral malleolus.
• Allows for alignment parallel to the long axis of the bone
• Allows surgeon’s hand to be positioned away from crowded lateral structures of the foot

The Nitinol wire will flex through the guide and then straighten and follow the path of least resistance down the intramedullary canal.
• This limits the chance of the K-wire broaching the cortex and minimizes the chance of missing the canal and “swiss cheesing” the bone which can significantly increase surgical time

Learn what The PRECISION® Jones Fracture Screw can do in your hands! https://lnkd.in/gZmba-k3

#paragon28 #p28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #precision #precisionjones #jonesfracture #trauma

The Straight Plates included in the Baby Gorilla® Plating System are designed to be universal in application to contribute to an array of solutions for foot and ankle procedures. Including 8 different locking and compression options, these plates equip surgeons with a variety of lengths and hole configurations.

Discover all that the Baby Gorilla® Plating System has to offer - https://lnkd.in/gVcgY9qw

#paragon28 #p28 #footandankle #FNA #improvingpatientlives #dedicatedtofootandankle #babygorilla #comprehensive #trauma #traumasurgery

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	106.28M -	110.98M 4.42%	147.46M 32.87%	181.38M 23.00%	216.39M 19.30%
cost of revenue	18.83M -	25.10M 33.28%	28.02M 11.65%	32.46M 15.82%	59.14M 82.21%
gross profit	87.45M -	85.88M 1.79%	119.44M 39.07%	148.93M 24.69%	157.25M 5.59%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	74.44M -	72.64M 2.41%	114.09M 57.06%	159.32M 39.65%	164.48M 3.24%
research and development expenses	10.30M -	11.17M 8.49%	16.13M 44.37%	24.65M 52.84%	30.08M 22.02%
other expenses	-98K -	3.56M 3,729.59%	-486K 113.66%	-1.21M 149.79%	154K 112.69%
cost and expenses	103.56M -	108.91M 5.16%	158.24M 45.29%	216.43M 36.77%	253.70M 17.22%
operating expenses	84.73M -	83.81M 1.09%	130.22M 55.37%	183.97M 41.28%	194.56M 5.75%
interest expense	648K -	602K 7.10%	1.72M 185.55%	4.13M 140.20%	5.17M 25.09%
ebitda	6.82M -	12.01M 76.11%	-2.30M 119.15%	-22.53M 879.70%	-21.77M 3.40%
operating income	2.72M -	5.63M 107.18%	-10.78M 291.49%	-35.05M 225.26%	-37.31M 6.45%
depreciation and amortization	4.10M -	6.38M 55.56%	8.47M 32.75%	12.51M 47.66%	15.54M 24.20%
total other income expenses net	-746K -	-602K 19.30%	-2.21M 266.28%	-32.34M 1,366.80%	-10.32M 68.10%
income before tax	1.97M -	5.03M 155.08%	-12.98M 358.31%	-67.39M 419.18%	-47.63M 29.32%
income tax expense	-1.15M -	1.53M 233.13%	713K 53.31%	-64K 108.98%	213K 432.81%
net income	3.12M -	3.50M 12.22%	-13.69M 491.45%	-67.33M 391.68%	-47.84M 28.94%
weighted average shs out	76.37M -	76.37M 0%	76.45M 0.09%	76.77M 0.42%	82.09M 6.93%
weighted average shs out dil	76.37M -	76.37M 0%	76.45M 0.09%	76.77M 0.42%	82.09M 6.93%
eps	0.04 -	0.04 13.73%	-0.18 611.36%	-0.88 388.89%	-0.58 34.09%
epsdiluted	0.04 -	0.04 13.73%	-0.18 611.36%	-0.88 388.89%	-0.58 34.09%

NYSE:FNA

Paragon 28, Inc.

Last Close

10.53

08/05 14:49

Market Cap

1.01B

Beta: -

Volume Today

107.51K

Avg: 348.65K

PE Ratio

−16.33

PFCF: −12.03