New York, N.Y., February 29, 2024 - PRISM MediaWire - Establishment Labs Holdings Inc. (ESTA) surged by 24% today, continuing its upward trajectory that began at the onset of the year. Included in the PRISM Women’s Health Index since its inauguration on January 4th, the company’s shares, which previously hovered around $25, are now nearing $50, currently resting at $47.
The notable surge in today's trading is likely fueled by the recent earnings announcement. Despite recording a net loss, Establishment Labs surpassed expectations and raised its revenue guidance. Over the past two months, the company has made significant strides, including securing an amended credit facility with Oaktree and conducting its inaugural US commercial procedure with the Motiva Flora® SmoothSilk® Tissue Expander, a product designed for breast aesthetic and reconstructive purposes. Furthermore, Establishment Labs has successfully launched the product in the Chinese market.
Establishment Labs Holdings specializes in global medical technology, particularly in the development and commercialization of innovative breast implant technologies. The company is dedicated to advancing breast aesthetics and reconstruction solutions by leveraging state-of-the-art materials and methodologies to deliver safer and more natural-looking outcomes for patients. With a steadfast commitment to research, development, and patient satisfaction, Establishment Labs endeavors to redefine the standards within the breast implant industry.
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