Company Performance and Financial Issues - Paragon 28 Inc experienced a sharp 22% decline in its share price on August 9, erasing hundreds of millions of dollars in shareholder value [1] - The company revised its full-year revenue forecast to $249 million to $255 million, down from the previous range of $249 million to $259 million [2] - Paragon 28 is implementing cost-cutting measures, including laying off approximately 7% of its workforce, reducing inventory, and adjusting executive compensation [2] - The company revealed accounting irregularities, with material weaknesses in internal controls and significant accounting errors, including a 19% understatement of cost of goods sold, leading to a 22% overstatement of operating loss and a 20% overstatement of net loss [4] - The stock has fallen over 56% in the past year, raising concerns about the company's financial health [5] Leadership Changes and Investigation - Kristina Wright, interim CFO since April, was replaced by Chadi Chanine, formerly of Zimmer Biomet Holdings [3] - CFO Stephen Deitsch's abrupt resignation on April 4, 2023, indicated potential issues with the company's financial reporting [3] - Hagens Berman, a shareholder rights firm, is investigating potential violations of U.S. securities laws, focusing on the connection between Paragon 28's poor outlook and past improper accounting [5] Industry and Legal Context - Hagens Berman, a global plaintiffs' rights litigation firm, has secured over $2.9 billion in cases related to corporate accountability [7] - The firm is encouraging investors with substantial losses or individuals with knowledge to assist in the investigation, with potential rewards for whistleblowers under the SEC Whistleblower program [6]

Paragon 28, Inc. (FNA) recently announced the launch of the SMART28 Case Management Portal. This cutting-edge platform leverages AI to provide a seamless user experience to coordinate patient-specific surgical plans. It is the first major launch within Paragon 28's SMART28 ecosystem, a portfolio of solutions and products. Additionally, the company launched SMART Bun-Yo-Matic for bunion correction. It is the first module to be launched with the SMART28 Case Management Portal. The latest development underscor ...

SAN FRANCISCO, Aug. 11, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Paragon 28, Inc. (NYSE: FNA) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/FNA Contact the Firm Now: FNA@hbsslaw.com 844-916-0895 Paragon 28, Inc. (FNA) Investigation: Paragon 28 Inc. suffered a sharp decline in its share price on August 9 after lowering its re ...

NEW YORK, Aug. 10, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Paragon 28, Inc. (NYSE: FNA) resulting from allegations that Paragon 28 may have issued materially misleading business information to the investing public. So what: If you purchased Paragon 28 securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

| --- | --- | |-------|-------| | | | | | | | | | Forward Looking Statements Except for the historical information contained herein, the matters set forth in this document are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to: Paragon 28's potential to shape a better future for foot and ankle patients; the Company's preliminary financial results for the quarter ended June 30, 2024; statements a ...

Paragon 28, Inc. (NYSE:FNA) Q2 2024 Earnings Call August 8, 2024 4:30 PM ET Company Participants Matthew Brinckman - Senior Vice President, Strategy and Investor Relations Albert DaCosta - Chairman and Chief Executive Officer Krissy Wright - Interim Chief Financial Officer Chadi Chahine - Chief Financial Officer and Executive Vice President, Supply Chain Conference Call Participants Craig Bijou - Bank of America Phillip Dantoin - Piper Sandler Dave Turkaly - Citizens JMP Mike Matson - Needham Caitlin Cronin ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share FNA The New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition per ...

Exhibit 99.1 Paragon 28 Appoints Chadi Chahine as Chief Financial Officer and Executive Vice-President of Supply Chain Operations, Reports Second Quarter 2024 Financial Results and Narrows 2024 Net Revenue Guidance ENGLEWOOD, CO., August 8, 2024 -- Paragon 28, Inc. (NYSE: FNA) ("Paragon 28" or "Company"), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that Chadi Chahine has been appointed Chief Financial Officer and Executive Vice-President of S ...

SAN FRANCISCO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Paragon 28, Inc. (NYSE: FNA) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/FNA Contact the Firm Now: FNA@hbsslaw.com 844-916-0895 Paragon 28, Inc. (FNA) Investigation: Medical device company Paragon 28 is facing mounting scrutiny over its financial reporting pr ...

NEW YORK, Aug. 04, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Paragon 28, Inc. (NYSE: FNA) resulting from allegations that Paragon 28 may have issued materially misleading business information to the investing public. So what: If you purchased Paragon 28 securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...